This is a common exercise we do at Movers and Shakers.Good Luck Investing and we may see you soon!

At the time the option is exercised, full credit will be given for this initial payment and the monthly credit.C.

My idea is to create an agreement where the monthly payments are very low giving the tenant buyer the chance to have enough money to rehab it and at the end of the agreement they can exercise there option.

It does obligate the seller to sell if and when you decide to exercise your option.

Keep in mind that an option for $600k is totally worthless and you will never be able to exercise at that price.

A lot of BP investors say that the IRS doesn't usually exercise their redemption rights but you probably still want to know if there are liens.

It took us a couple hours and was a great exercise.

When I notified the seller of my intent to exercise my option last month they refused to sign and I had to sue the Seller for specific performance.

A sale contract allowing a buyer to exercise the right to purchase or avoid the obligation is not an option You can have contingencies in a sale contract.If it's not an option there can't be an option price!

This is also a valuable exercise for those that say "no" as you may be able to overcome those objectives as you are negotiating the deal.