How To Use Option Contracts | Creative Finance Masterclass 15 w/ Pace Morby

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How To Use Option Contracts | Creative Finance Masterclass 15 w/ Pace Morby

Рет қаралды 13,527

Күн бұрын

What are options and how can you use them? Creative Finance strategies will be some of the most useful ways to get deals coming in 2023 and beyond! You should understand all possible creative strategies! I sit down with Pace Morby and we discuss all of them at length!
Watch the entire series!
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Пікірлер: 57

@therealestake 9 ай бұрын

Life is good when you have OPTIONS.

@deshonemarshall8633 Ай бұрын

I feel like I have multiple tools in my toolbox after watching you guys! Thank you so much for this!!!

@fidel2xl 8 ай бұрын

I'm only about 3 mins in, so please forgive me if you already covered this later in the video. As a friendly FYI to everyone doing RE Options, when you get the seller to sign your Option Agreements and you pay the consideration etc, make sure to also send 'Option Memorandums' (mutually signed and notarized) to the applicable County Records. Doing so will cloud the title thus preventing the seller from selling the deal from out under you without your expressed consent. Having an Option Memorandum in County Records protects your best interests, because it solidifies that the Agreements in place have to be honored while those agreements are in effect. PS: The actual 'Option Agreement' and 'Purchase & Sales Agreement' do not need to be recorded at the County Records. You simply need to record that those Agreements exist via 'Memorandum' documents --- Example: A document stating that pertaining to this particular property (with this address and legal description of the property), there exists an Option Agreement and Purchase Agreement whereby one party has the right to purchase the property from the seller by this date 01/01/20xx'. The exercise price and other terms of the Agreements do not need to be on the simple memorandum. Simply stating on the memorandum that those documents exist, is enough to cloud the title, thus protecting your best interests.

@JJFair434 Жыл бұрын

I Love that this series keeps rolling with new videos. I've learned to much from you guys over the past few months. Can't believe I didn't know about Option Contracts before

@donaldflax2009 Жыл бұрын

I have watched creative financing videos for a week, and I have gained so much knowledge. Thank you for everything!

@gabrielbishop961 11 ай бұрын

Longer videos!!!!! That's where all the good shit comes from when yall get into the conversation like two buddies, makes it more real and honest 🤙🤙

@eddiecaballero6441 16 күн бұрын

Yes please

@fredt2432 Жыл бұрын

I can listen to these 2all day. When I cold call I’m listening,texting still listening,going 2b bed still here

@nima.shokouhfar 7 күн бұрын

yes. I want the video....!!!

@professorcontent Жыл бұрын

Yeah we want the video

@mikejames86 Жыл бұрын

I flipping love you guys. I don’t consider myself the smartest but it’s only bc I’m not educated. Thank you for dumbing it down and explaining everything. Watched 15 of the mastery videos over the past 24 hrs :)

@mustseevideos7777 7 ай бұрын

@11:03 Yes Jerry, we want the video of your phone conversation!!!! Please post the link! You guys are THE BOMB!

@Walter-Almaraz Жыл бұрын

Pace, Jerry flipping geniuses

@robertdowd3203 2 ай бұрын

You are so cool. I love it!

@dustongladfelter1153 Жыл бұрын

Guys these videos are so fun. Thank you!

@troyyoung2320 Ай бұрын

yes we want the video?

@andrewjohnsondigital Жыл бұрын

Yes we want the video!

@deshonemarshall8633 Ай бұрын

We want the video!!!!

@dr.jasonbaca Жыл бұрын

Such an honest and transparent way to "lock up" a property without misleading someone ... Question: When you wholesale the option, what document does the end buyer sign? Do they have to create a new Purchase and Sale Agreement with the seller since there isn't one yet? How does that work exactly? ... Thank you Jerry for the continuous masterclasses you and Pace are giving all of us! :)

@FlippingMastery Жыл бұрын

Once you exercise the option, you’ll sign a P & S.

@dr.jasonbaca Жыл бұрын

@@FlippingMastery Okay, gotcha. Super helpful, Jerry! Thank you!

@delsalopez4305 Жыл бұрын

@@FlippingMastery where is the link for the option document.🙏

@dustinsteim5612 Жыл бұрын

Number 15 is amazing !!!

@viqtpiebei5869 Жыл бұрын

Yes please give us the videos

@AnupamMondal. Жыл бұрын

Thank you so much ❤

@gloriacanchola5980 Жыл бұрын

Wow, so good

@mikecraig7664 Жыл бұрын

Give us the call Jerry!

@bxmiles 4 ай бұрын

Hey Pace & Jerry, when going through the sales process with a motivated seller would you only pitch an option after they’ve already disagreed to subto/seller financing ? In a previous video in this series you two talked about pitching creative finance as a solution to a seller wanting a high purchase price. In what order/situation are you talking about these things? Thanks!

@Michelle-cb5jf Жыл бұрын

How much on average is your option fee on a residential property?

@mmcgartland2095 11 ай бұрын

❤

@dustinsteim5612 Жыл бұрын

We want the video!!!

@sabinewerk1027 9 ай бұрын

I still don't understand why the lady didn't take the offer from opendoor ! I have other questions: how do you wholesale an option, and sub-to (if only you can make a video on how you wholesale all the creative methods you are explaining )?

@9xqspx6 8 ай бұрын

Does anyone happen to know in which video is the one that Jerry mention, where he is talking to the saller and agree on an option?

@JeffTomlinson-Consultant Жыл бұрын

Great stuff but how do you find motivated sellers?

@FlippingMastery Жыл бұрын

Joinpropwire.com

@TranscendYourInnerBeing Жыл бұрын

Great video. Would the option strategy work currently where some of are working with MLS agents or would this strategy be specific to direct seller acquisition?

@ciaracorr6015 Жыл бұрын

Can you do a video on estoppel in wholesaling ?

@chicago9458 2 ай бұрын

Creative? Derivatives have been around forever and they call it creative!

@AberrantArt Жыл бұрын

How would we protect the deal and prevent someone from going around us? Example a cash buyer we shop it to goes direct to seller and gets a purchase agreement signed. 🤔

@FlippingMastery Жыл бұрын

Watch this - kzfaq.info/get/bejne/friSY6eTz7qpe2Q.html

@daltonevans8442 Жыл бұрын

Could you do an option, yet work out being able to still rent it out? Or would that mainly be a land contract (executory contract)?

@Ericman135 Жыл бұрын

Do you need an exchange of money to tie up the option agreement ??

@StillWoo 7 ай бұрын

Options Shouldve Been The First Lesson 😂

@ThatManSimmonds Жыл бұрын

I’m gonna option my ass off….😂 😎😁

@fredt2432 Жыл бұрын

I have a question. Do I need to record this type of transaction?????

@jesusrojas-ui5vl 11 ай бұрын

Option contract 🥷 move!

@michellericher9289 Жыл бұрын

Pace can you help me with a creative financing deal that is my own personal home?

@erikjohnson8767 Жыл бұрын

WHAT DO YOU DO IF WHILE SHOPPING THE DEAL THE SELLER TRIES TO SELL TO SOMEONE ELSE? THEY SIGNED A CONTRACT WITH YOU, SO IS IT JUST HOW YOU STRUCTURE THE CONTRACT FOR FINANCIAL CONSEQUENCE OF THE SELLER BREAKING THE CONTRACT? AND THEN DO YOU HAVE TO GET ATTORNEY'S INVOLVED?

@SCCP843 7 ай бұрын

Does the option have to be notarized

@FlippingMastery 7 ай бұрын

@SumpTheDetailedInvestor Жыл бұрын

Hey Jerry quick question I downloaded your free wholesale contract package but I’m using the one tomorrow to get a buyer for my deal but In the assignment of purchase and sale agreement it doesn’t say no where how much I supposed to be making so the buyer knows, it just says “which is to include assignor’s assignment fee.” Could you please clear this up for me? Will the attorney just know the assignment based off the contract between me and the seller or do I just tell him just need this cleared up Thanks!

@adamgonzales8031 Жыл бұрын

I'm trying to figure out how to asign. Do you go threw a tittle company with an option?

@donaldflax2009 Жыл бұрын

my freeoption

@AdventuresOfKeithius 10 ай бұрын

Why did the lady go with 135 instead of 175 tho 🤔🤔🤔

@artfriedman8333 Жыл бұрын

Cannot load the series link

@FlippingMastery Жыл бұрын

My support team would be happy to help! Please reach out to them at support@flippingmastery.com or (888) 958-3028

@carsonbrown5127 Жыл бұрын

Hey jerry, I have a killer deal in Palmer Texas I am trying to get off of my hands. I thought you and your team might be interested haha. How do I reach you?