Wholesaler · Bellingham, WA · Member since 2017 · 4 posts · 0 votes
Hello my name is Sage, I'm new to real estate and I recently learned about the Option to Purchase Real Estate Contract/Agreement and I could definitely use some tips I've been digging and digging at this topic because I don't want to pay for the webinars that teach me how to do it. So why not do it myself! I've already built up somewhat of a buyers list and designed my own bandit signs My next step is to market for good deals i can possibly get under the contract. But even before I do that I want to be crystal clear about the most important thing, how will i get paid? So when All is said and done I get the Seller and the Buyer to sign. Will the buyer pay me on the spot will i be wired the money is there an attorney that has to be involved or a third party to finalize the contracts in anyway?
Rental Property Investor · Ashburn, VA · Member since 2016 · 239 posts · 119 votes
9y
It depends on what you do with the Option. It's the paperwork after the option that really matters. It also depends on how long you want to hold the options for.
Rental Property Investor · Ashburn, VA · Member since 2016 · 239 posts · 119 votes
9y
It depends on what you do with the Option. It's the paperwork after the option that really matters. It also depends on how long you want to hold the options for.
Attorney · Clinton, MD · Member since 2016 · 70 posts · 55 votes
9y
You get paid based on how the contract you use say you get paid. Assuming you're not using illegal/bad contracts, If your contract says you get paid on the spot then you get paid on the spot. If your contract says you get paid at closing, then you get paid at closing.
Rental Property Investor · Ashburn, VA · Member since 2016 · 239 posts · 119 votes
9y
you can research every state. Investor friendly title company doesn't mean stupid title company. You should build a power team before yu get into a situation you can't control