The contracts we use are in REIPro, they are a $49.00 one-time charge with a training video. You can set up a free trial and purchase the agreement at: www.myreipro.com/
This is great information! How would this strategy be used on a fix and flip? Does it make sense to lease option the property at a set price, fix it up, then sell it retail?
You really don't want to put money into a home you don't own. You don't want to spend thousands of dollars and not own it. You could seller finance it and then rehab it.
We have a Lease Option agreement in REIPro Software for $50. You would need your attorney to review it. We have assignment contracts that are free in the software.
Seller gets paid in full when the buyer exercises their option to buy and per the term of the agreement. As a Realtor, you can either get paid through the option payment or when the buyer closes on the home. All negotiable with the seller.
Adding a security deposit will add an extra level of security for you and the buyer in case they can't buy. The option payment is still non-refundable. Hope this helps!
Quality content. I'm a landlord in UK (where it's still a blue ocean) and happy to team up!
Thanks for watching and commenting.
Thank you for this great content Chris. Do you have information on the contracts we need to do the lease options?
The contracts we use are in REIPro, they are a $49.00 one-time charge with a training video. You can set up a free trial and purchase the agreement at: www.myreipro.com/
This is great information! How would this strategy be used on a fix and flip? Does it make sense to lease option the property at a set price, fix it up, then sell it retail?
You really don't want to put money into a home you don't own. You don't want to spend thousands of dollars and not own it. You could seller finance it and then rehab it.
Chris do you have contracts that work for Texas lease option assignments?
We have a Lease Option agreement in REIPro Software for $50. You would need your attorney to review it. We have assignment contracts that are free in the software.
So the seller gets paid at the end of the lease if they buy?
As a Realtor I would get paid from the down payment or option money?
Seller gets paid in full when the buyer exercises their option to buy and per the term of the agreement. As a Realtor, you can either get paid through the option payment or when the buyer closes on the home. All negotiable with the seller.
@@ChrisGoff Thank you Chris! I'm a new agent and just getting going with you guys.
No the Owner get his Mortgage, Taxes, Insurance paid every month for the lenth of Lease Option Agreement.
Chris, I haven't heard you talk about the typical refundable lease deposit. Are we to include this in the lease with the tenant-buyer?
Adding a security deposit will add an extra level of security for you and the buyer in case they can't buy. The option payment is still non-refundable. Hope this helps!
No