How To Use Option Contracts | Creative Finance Masterclass 15 w/ Pace Morby
ฝัง
- เผยแพร่เมื่อ 7 ก.พ. 2025
- 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!
• Creative Finance MASTE...
FREE Option Agreement:
flippingmaster...
FREE Creative Financing Hacks Guide:
CreativeFinanci...
To learn more about creative financing, schedule a free strategy call. Go here:
PaceandJerry.com
----------------------------------------------
With over 1,500 Videos, this is the #1 channel on TH-cam for all things wholesaling and flipping. SUBSCRIBE NOW!
/ flippingmasterytv
Listen to your favorite Flipping Mastery TV videos on your favorite podcast platform!
www.buzzsprout...
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or (888) 958-3028.
Get Paid $10,000 to find deals for Jerry:
www.My10kCheck.com
Wholesaling & House Flipping Software:
GetFlipster.com
Get Unlimited Seller Leads For Less Than A Penny!
getunlimitedsel...
Get 100% funding for your wholesale deals!
UseJerrysCash.com
Advanced Mentor Program:
FastTrackwithJe...
FREE 8 Week Training Program
8weekacademy.com
Get Paid $8700 To Find Vacant Lots For Jerry:
flippingmastery...
FREE 30 Day Quickstart Kit
MyQuickstartKit...
FREE Virtual Wholesaling Kit:
VirtualFlipperK...
FREE On-Market Deal Finder Tool:
MyDataCruncher.com
Get 100 Seller Leads With Free Skip Tracing For $1.00:
100sellerleads.com
FREE Purchase & Sale and Assignment Contracts:
wholesalercontr...
FREE Cash Buyer Directory (100 Free Cash Buyers)!
freecashbuyers....
FREE Lot Finder Tool:
vacantlotfinder...
FREE Craigslist Deal Finder Tool:
flippingmaster...
FREE Funding Kit:
MyFundingKit.com
FREE Wholesale JV Contract:
flippingmastery...
FREE Escalation Clause Addendum:
flippingmaster...
FREE Flipping Disclosure Addendum:
flippingmaster...
FREE Seller Rent-Back Agreement:
flippingmaster...
FREE Agent Offer Sheet & Scripts:
AgentOfferScrip...
FREE Motivated Seller Scripts:
FreeSellerScrip...
FREE Cold Calling Scripts
(& 20 Powerful Phrases to Build Trust):
flippingmaster...
FREE Blueprint & Cash Buyer Scripts:
flippingmastery...
FREE LLC Flipper Kit to Overcome a No-Assignment Clause:
LLCFlipperKit.com
FREE Deal Analyzer Software:
MyDealAnalyzer.com
FREE Rehab Estimator Tool:
flippingmastery...
Free Contractor Agreement:
flippingmaster...
FREE Report: 67 Ways to Find Motivated Sellers:
flippingmaster...
FREE Zillow Motivated Seller Key Word Master List
flippingmaster...
FREE Facebook Ad Templates:
flippingmaster...
FREE Creative Financing Hacks Guide:
CreativeFinanci...
FREE Subject To Contract Pack
& 30% Off Discount Code for Full Service Closings:
flippingmaster...
FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal:
flippingmaster...
FREE Best Selling Wholesaling Ebook:
flippingmaster...
FREE Best Selling Fix and Flip Ebook:
flippingmastery...
FREE Best Selling Flipping Notes Ebook:
www.FlippingNot...
FREE Rehab Checklist:
flippingmaster...
Get Unsecured Funding For Your Real Estate Business:
flippingmaster...
FREE Virtual Property Walkthrough Guide & Instructions:
flippingmaster...
FREE Goals Workbook & Mastermind Guidelines:
freegoalsworkbo...
Guide to Flipping Houses With Your IRA:
flippingmaster...
Earn a FREE Flipping Genius Award!
Tell us all about a completed deal using one of Jerry’s methods.
FlippingGeniusC...
LET'S CONNECT...!
FACEBOOK:
/ flippingmastery
INSTAGRAM:
/ flippingmastery
TIKTOK:
/ therealjerrynorton
#FlippingHouses #WholesalingHouses #FlippingGenius
Life is good when you have OPTIONS.
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.
Excellent tip even when doing any wholesaling.
Put the videos in the bag 🔫 put it in!
I feel like I have multiple tools in my toolbox after watching you guys! Thank you so much for this!!!
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
I have watched creative financing videos for a week, and I have gained so much knowledge. Thank you for everything!
I can listen to these 2all day. When I cold call I’m listening,texting still listening,going 2b bed still here
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 🤙🤙
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 :)
Pace, Jerry flipping geniuses
@11:03 Yes Jerry, we want the video of your phone conversation!!!! Please post the link! You guys are THE BOMB!
Yes we want the video!
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! :)
Once you exercise the option, you’ll sign a P & S.
@@FlippingMastery Okay, gotcha. Super helpful, Jerry! Thank you!
@@FlippingMastery where is the link for the option document.🙏
Wow, so good
Number 15 is amazing !!!
Guys these videos are so fun. Thank you!
Yes please give us the videos
You are so cool. I love it!
Yeah we want the video
yes. I want the video....!!!
Yes please
Thank you so much ❤
yes we want the video?
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!
Give us the call Jerry!
We live by option contracts.
We want the video!!!!
How much on average is your option fee on a residential property?
We want the video!!!
"To accomplish great things, we must not only act, but also dream, not only plan, but also believe." --Anatole France
And what does all of that has to do with the video?
Great stuff but how do you find motivated sellers?
Joinpropwire.com
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?
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?
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 )?
❤
Do you need an exchange of money to tie up the option agreement ??
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)?
I'm trying to figure out how to asign. Do you go threw a tittle company with an option?
Can you do a video on estoppel in wholesaling ?
I have a question. Do I need to record this type of transaction?????
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!
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. 🤔
Watch this - th-cam.com/video/HRb0DbjTEK0/w-d-xo.html
Does the option have to be notarized
No
Options Shouldve Been The First Lesson 😂
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?
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?
I’m gonna option my ass off….😂 😎😁
Why did the lady go with 135 instead of 175 tho 🤔🤔🤔
Pace can you help me with a creative financing deal that is my own personal home?
Creative? Derivatives have been around forever and they call it creative!
Cannot load the series link
My support team would be happy to help! Please reach out to them at support@flippingmastery.com or (888) 958-3028
my freeoption
Option contract 🥷 move!