Easily Insert Option Choice into the Bulk Sale Agreement

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How to Insert Option Choice into the Bulk Sale Agreement

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yeah what i would need to do with you is is do you know what an option agreement is if youre into wholesaling real estate and you find a motivated seller whos willing to sell his property at a discount you really need to know when its better to use an option agreement instead of a purchase agreement on this video im going to break it down for you and even show you a real live example of me on the phone with a seller all of that and more coming up this video is brought to you by flipster the nations number one real estate software with tools for finding funding and flipping houses check it out now at getflipster.com if youre new here im jerry norton i went from dead broke to millionaire flipping houses and after doing a thousand deals i created this channel to help you master the art of wholesaling and flipping real estate so you can live your dream life be sure to subscribe and click the bell icon to get notified when new videos are released as you know once you agree on a price

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do you put together a wholesale real estate deal?

Step by step: Wholesaling real estate Step 1: Identify motivated sellers. Step 2: Make an offer. Step 3: Enter a contract. Step 4: Find a buyer and assign the contract. Step 5: The buyer closes on the property.

What are two key considerations that might prompt a seller to accept an option to buy offer?

Conduct due diligence about the seller. What are two key considerations that might prompt a seller to accept an option to buy offer? Expiration date and amount of good faith money.

What is the bulk sales law exemption in California?

Transactions below $10000 and above $ 5 million get exempted from the bulk sales act of California. Consider your transaction amount when giving the notice to creditors of bulk sale California. Small cash sales of values between $ 10000 and $ 2 million require extra notice requirements.

What makes a good wholesale deal?

Seller motivation, property information, equity, and ARV are four of the most critical aspects of a wholesale deal to keep an eye on. The amount of value you get out of a deal is proportionate to that which you put into it, so perform your due diligence, and you will be well on your way to financial independence.

How do you fill out a sales agreement?

How to draft a purchase agreement Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

How do I make an offer on wholesale real estate?

How To Wholesale Real Estate: Step By Step Find A Distressed Property Or Motivated Seller. Negotiate With The Seller. Sign The Contract. Search For An End Buyer. Negotiate With The Buyer. Assign The Contract. Close The Deal.

How to wholesale real estate for beginners?

Here are a few simple steps to get started wholesaling: Research your local market before getting started. Curate a buyers list for your area. Secure a financing source that works best for you. Begin searching for potential wholesaling properties. Decide whether to sell the contract or work on a double closing.

What is bulk sale agreement?

A bulk sales agreement sets forth the terms and conditions regarding the transfer of a large segment of the sellers materials, merchandise and the like. The contract must be for the purpose of transferring business assets.

How do you draw up a contract for wholesaling?

Here are some common parts of a wholesale contract: Name and contact information of the buyer and current property owner (seller) Legal description of the property. Condition of premises. Purchase price and financing. Closing costs, who pays them, and when. Assignment clause to transfer property rights.

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