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Updated over 12 years ago on . Most recent reply

James Hiddle's profile image
James Hiddle's profile image
James Hiddle
  • from Altus, Oklahoma
  • Member since Oct 27, 2008
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James Hiddle's profile image
James Hiddle's profile image
James Hiddle
  • from Altus, Oklahoma
  • Member since Oct 27, 2008
Connect
James Hiddle
  • Altus, OK
690
Votes |
2,873
Posts
Wholesaling

Flex Option Vs PSA

James Hiddle
  • Altus, OK
Posted

I'm working with a very motivated seller who got embezzled and now has gotten behind on his luxury home payment so now he is in a state of preforeclosure to the point where he has no choice but to sell.

This home has a lot of equity about $280,000 so I'm about to put it under contact and wholesale it out to a buyer I have lined up.

The question should I put this under a flex option or use a standard PSA agreement with some escape clauses?

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