All Forum Posts by: James Williams

Thanks Brian.
Do I have the correct process, in that once I find a buyer, I sign a P&S agreement with the seller, or should I assign the option?

Non Exclusive meaning the seller (investor) can continue marketing the property. Hopefully it's just the original seller and I marketing the property. By offering the option this way, it is more easily acceptable.
Let's say for example, I find a property listed for sale at $150.000 that I think one of my buyers would be interested in. I offer the option to the seller, then market, or present the property to my buyer at $160.00 if there is room in the deal.
If my buyer wants the property, I would exercise my option and sign a purchase and sale agreement with the original seller.
Then assign the contract to my buyer for a $10,000 fee.
Is it a common practice to collect that fee immediately, or do I submit the original purchase agreement along with the assignment to the title company and let them handle it at closing?

If I use a flex option contract to sell another investor's property, find a buyer and assign the option. How do I get paid?
As soon as I assign, or at closing?