Using Option Contracts

If you have been out of the loop for the past few days, here
is what we covered on the training and here is what we’re
going to cover again on Thursday at 3:00 pm ET:

• How to structure the transaction to get the short sale
lender to pay your JV partner for you! We’ll also cover what
the role of each agent is in the transaction and how and
what to pay each agent involved in the deal.

• How to get pai'd on a deal that cannot go A-B, B-C and has
to go A-C. Yes you can get pai'd on these deals and there is
one document you must use in order to get this non-double
closing payday.

• How to avoid the objections from Realtors and lenders that
are created by using an “Option Contract.” We’ll show you
what documents to use to go “the path of least resistance”
to overcome their objections.

• What the seller must sign in order cover your butt in
every transaction. Full disclosure is very important in
this business and we’ll show you how to disclose everything
to all parties so your business is 100% legal.

• The right way and the wrong way to work with real estate
agents that have short sales listed in the MLS. We’ll show
you when a dual agency agreement is appropriate and when
it’s not.

• Why Fannie Mae, Freddie Mac, and FHA have all given us
the GREEN light to short sale flipping.

• How to get Wells Fargo and FHA to fund your short sale
flips and what spread percentage they will allow.

• The pros and cons of using Option Contracts vs your State
Approved Realtor contract

• When you need to use a seller’s affidavit

• Where you can download the new forms and paperwork docs
that my attorney created for us. These are generic forms
that work in all states, not just California. These are the
RESI forms.

• When to use the memorandum of contract

• And much, much more…