Manny G 0 Report post Posted November 10, 2015 So Im trying to get my head around this. Lets say I have a LO deal I want to assign. (a cooperative assignment LO)The Seller only wants 1 month rent as a security deposit.The TB has 10k as option consideration.Wouldnt the seller bark at seeing a 10k option consideration that they get no piece of??Is there a way not to show the 10k option consideration to the seller?I know its best to disclose fully but I just see that being a problem.How do you guys deal with this? Thanks Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 13, 2015 Hi, Manny. Sorry for the delayed reply. Just returned from a week's vacation in Europe, away from machines and the internet. Will the seller bark at seeing you are making money? In all likelihood, he probably will. But did you tell him you were a nonprofit organization? A church? Our job is to have the homeowner's attention focused on his net price and profits, not ours. If that number was agreeable upfront, and your piece of the pie doesn't affect that, the homeowner has no reason to gripe. But in the real world that doesn't mean he or she won't bitch. When this happens you have to be nimble and flexible and do what is necessary to keep everyone happy and the deal alive. Real estate involves much in the way of negotiation. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted November 13, 2015 Hi MC, Welcome Back! I had a hint you were over in the "old country," figured you were checking in visiting with the godfather. But hey, what do I know I'm Irish lol Manny, I would always want to disclose early and upfront; easier to make things work. Surprises at the end of a deal can prove more difficult. my2cents 1 Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 13, 2015 My wife and I hit up Italy last October to check out some ancestral stomping grounds. This recent visit was to Spain and Portugal. Wine, Iberico ham, and bread. Couldn't get enough! Share this post Link to post Share on other sites
<Steve> 82 Report post Posted November 14, 2015 Sounds like a great time and an awesome trip. Share this post Link to post Share on other sites