Learning and Burning 11 Report post Posted November 8, 2012 Hi all.I have been here before (couldnt remember my login)Got MC's program worth every penny and and still getting my monies worth. I have now done a couple l/o and am happy happy. Im marketing and getting calls. But not all fit the l/o scenario, so im working a pure option now and still, not sure sure how to draw it up. And what i need signed and by who? Im looking for a basic scenrio layout, to help me get the jist. Thanks Share this post Link to post Share on other sites
DanielSun 7 Report post Posted November 8, 2012 woah woah, you can't just say "i've done a couple l/o" share some of your deals!! and Michael has a pure option contract in his program, if you got the program you should have it Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 8, 2012 L & B, as Daniel said, you should have a Pure Option Agreement that will do the job for you. If not, PM me and I'll set you straight. Pure Options are the height of simplicity. Share this post Link to post Share on other sites
Learning and Burning 11 Report post Posted November 8, 2012 My last l/o was the easiest one to date. He had the house for rent, I met with him showed him the l/o advantage and in less then 30 min he signed.He was to move out in 10 days, thats when i got the keys. Went in soap water and a rake, 3 hours of cleaning and done. Marketed like crazy (bandit signs baby) 25 days later got a 4k cash payday with $50.00 a month till Aug 2014 then a 3k balloon. I love this job. Now the pure option i do have from MC, and wanting to add this to my repitwar. I got a homeowner now who is ready to move (relocate) about 30 miles from the subject home. The Pure option line 4 this is where i put the $10.00 i will pay him? And line 7 im in CA and the house is in Oregon. I would put Oregon in state of? Sounds basic, probably why im confused.. Thanks Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 8, 2012 The answers to your questions are yes and yes. Paragraph 4 shows how much option consideration you paid to the homeowner, and Paragraph 7 reflects the state where the property is located. Share this post Link to post Share on other sites