A simple way to do this exercise is to check out the property analysis tool on this website and plug in all of the numbers.

What if the person signing the purchase contract to buy from you is unable to exercise?

Furthermore, I do air sample quality tests and have a lab in Weston, FL confirm that there are not elevated levels of mold in the home.

I'm not an expert at options on homes by any means,but I hate to see your question just sitting here unanswered.By "double closing" you mean that you exercise the optionand buy the house, but at the close you bring *your* buyerto the table and they actually buy.The easier route, it would seem to me, would be to sell theoption outright to the new buyer.

Send an email with a writing sample to webmaster (at) biggerpockets.com, or email me directly through the forums, and we’ll be in touch.

next....we are ready to exercise the options...... my option with the seller.....and the option with my buyer....how is it handled at this pont and by whom?

Although I feel confident that we are on the same page and can work any problem out, I still want to protect myself (and him) in case something should happen.What kind of agreement should we draw up, and where can I find a sample agreement of this kind?

For example I can talk about Mortgage Fraud without having to explain what Mortgage Fraud means.Well, moderators would still be able to exercise discretion.

Can anybody offer any samples of letter content to Out of State owners.

Here is a sampling of some of the most common: 1.