Download My Option Agreement... | Awesome REI

Download My Option Agreement…

768 comments

Man, you guys sure love to swipe our stuff!

I mean, based on the gratitude galore we got from sharing one of our favorite motivated seller postcards recently, it seems pretty clear that the old “Swipe and Deploy” is something we should keep rolling with.

So let’s do another one…

Today’s handy-dandy resource is one of the core essentials every investor should have in your tool-belt–the Option to Purchase Agreement, or “option contract” as it’s often called.

But I gots to tell ya — just having this form in your bag of tricks isn’t enough… You’ve got to understand it’s purpose and how to effectively wield it. Which is exactly why I made you this little video about it. 

The essentials on option contracts

In this video you’ll learn:
 What an option agreement really is (and what it’s not)
marker-arrows-jp 4 Who exactly is obligated (and who is not)
marker-arrows-jp 3 Common uses and best practices for deploying this in your day to day business
marker-arrows-jp 2 Why I don’t typically recommend “lease options” as a buying strategy
marker-arrow-jp 1 Stuff like “equitable interest”, “principal interest” and your “bundle of rights”
 What you can and can’t do with an option
marker-arrows-jp 4 How to fill it out, step by step

If you don’t care to know all that, then just feel free to download the form and add it to your arsenal (see below). But for those who want to learn the ropes on how to use this thing, this video will help you wrap your mind around what this is and how to best use it.

How to download my Option Agreement

First off, I’d like to ask a small favor:

Would you please “Like” our Facebook page if you haven’t done so already?


We actually posted the video above on our Awesome REI Facebook page, so if that’s how you got here, and you already “Liked” us there – well thanks for being awesome!

Otherwise, before swiping my Option Contract for your own arsenal, I’d be thankful as a monkey with a peanut machine if you’d kindly hit the “Like” button on our little Facebook widget thingy. Doing this will most definitely make you awesomer and probably better looking too.

animal like

Next, do this…

Ok, so how do you get your little paws on my Option Agreement? Easy peasy. Just leave a comment below sharing ONE THING you’d like us to give you in a future “Swipe & Deploy” post, and then Chuck Norris will hand it to you.

Nope, not kidding.

We all love to score a good tool or resource like this, right? Be it a form, contract, marketing piece, script or “what-have-you”… Something that’s already been time-tested and proven to work.

So here’s how this goes:

Step 1. Engage with us by sharing (in the comments below) at least ONE THING you’d personally really love to see us give away in the future as a “Swipe and Deploy” like this. We’ll take every single suggestion into consideration.

Step 2. Once your comment’s posted – viola! Chuck Norris congratulates you with a free download of my Option Contract.

So what are you waiting for?

Let’s do this. Leave your comment below. And don’t forget to be awesome.

Johnpaul Moses

JP Moses is a roughly-hewn man-child who jumped into REI back in Y2K and full time in '02. After many twisty turns over the years, from landlording to short sales to rehabs to Realtoring to lease options to REOs to notes to owner financing, blah, blah, blah… he finally stuck his flag deep into wholesaling. Today JP's Memphis-area operation's wholesaled somewhere north of 400+ transactions and actively turns 3-7 houses a month. He also really digs helping others and pours a ton of his heart and soul into helping his fellow real estate investors from his own REI and business-building experiences.

Click Here to Leave a Comment Below

768 comments
bryan

All this info is very helpful – and a huge time saver. Many thanks

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William McMillan

Fantastic tool for real estate rehabilitation. Thank you, much!

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Alva May Kemble

Can’t wait to get started. I learned alot from you guys and gals.

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Matthew

I appreciate your awesome approach and attitude.

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Adam Clay

This is great! Thank you for sharing this info, I feel like there’s a few potential deals that I’ve had sitting on the sideline for a couple weeks now, that I could use this Option Contract on while I talk with my investors.

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Roxanne Sheffield

I appreciate your contracts but could you elaborate on the types of deals this would be more advantageous than just the purchase agreement

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    Johnpaul Moses

    Hi, Rocky—personally I’d use it to lock in a legal interest on any deal I feel a little unsure of yet, but still feel like I smell some money and want to invest some more time into. The option gives you a legal interest, but not an obligation. It’s a unilateral agreement, rather than a bilateral, like any purchase agreement.

    Reply
Bob Ferguson

The surprise you’ll hear that buyers and sellers say when you use such straight forward contracts compared to those used by Real Estate agents that protect the agent more than the buyer or and seller will be amazing.

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Dale Antrim

i am a beginning investor and your stuff has connected the dots in a couple of areas that hours of research has left blurry and overwhelmed with data. THANK YOU

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    Charity Akers

    You are so welcome, Dale! We are so glad to clear things up for you!

    Reply
Philip Simmons

New to the business, but I love the knowledge you provide. It supports me in the development of my real estate business.

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Mike Dixon

Great stuff, I’ve been looking for something like this.

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Ted

I would like a Florida Contract for Deed agreement.

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Dwayne Lee-Rolling

Easy and well informed information. Love what you and your partners are doing for the real estate community.

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Susan Childress

Thanks for the agreement and for letting us know this needs to be used if you want to sell before you buy.

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Cheryl Boyd

Thanks for sharing this valuable resource. An idea of a swipefile are negotiating tips based on property deals and exit strategies for deal types.

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Frank Dircks

i think a contract filled in for the demo

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Godfrey De la Rosa

Contracts that you use in your deals!! I have been following and educating myself with you for sometime now about 2 years plus and yes I am a rehabber and have done deals totaling over 1/2 million dollars in 2yrs

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    Johnpaul Moses

    Solid input, Godfrey—thank you. Quality feedback received. And hey, thanks for being so Awesome with us the last couple of years too! 🙂

    Reply
Ken

Oustanding document.

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Jerry Coleman

Very impressed, looking forward to more!

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Peter De Bear

I would like a copy of the assignment Agreement to give to the buyer
Thanks

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Mszdee

Well needed information. Thank you.

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"Sam" Jackson

i’ll have to look over it more.

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Michael Campbell

Just what I was looking for.

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Obd O.

Great info, very clear

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Theresa Madison

Like the idea of a clear and simple way to get direct on this form.

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Jordan

Great option form idea. Makes a lot of sense.

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Aquilla Anderson

Thank you for sharing. I still need to review it again.

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Francis Vasalka

When does the great content ever stop? I hope never. You guys are Awesome!!

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Richard Galdieri

So much awesome content (pun intended)! Thanks guys and gals!!!

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Rod

Great asset. I will resend offers to all my sellers with this form

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Uyioghosa Evbuomwan

Graet Option Form

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Chris McFarland

Awesome video, excited for the script!

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Diary Davis

Great stuff, another arsenal added to my Real Estate tools to implement. Thanks…

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Debra

Thank you! Would love a private money script.

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Coleman Meshack

Very informative.

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Nancy Cope

Thanks, you are awesome. I would definitely like the option agreement. Do you have scripts for finding closing companies, CPA’s and attorneys.

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    Charity Akers

    Hi Nancy, the best way to find those professionals to work with is through referrals. We recommend attending your local REIA, as this is a great place to meet those folks, or find out who they are.

    Reply
Albert Gomez

This is still a strategy I need to learn but I’m excited to get this contract and start learning.

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brian

thank you…much appreciated!!!!

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BRIAN

THANKS FOR THE HELP…MUCH APPRECIATED 🙂

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Xiomara Dudley

Thanks for sharing!

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ARTHUR FERNANDEZ

Great tool! Do you have a MASTER LEASE OPTION CONTRACT for COMMERCIAL PROPERTY ?

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    Johnpaul Moses

    Hey Arthur—sorry, I don’t have a form like that, man.

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Dan

Great Stuff! Very Useful

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David Spalding

An option disclaimer addendum – I have a very basic but effective one that I can share – basically it states that the seller understands the agreement and acknowledges that the investor is planning to make money.

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    Johnpaul Moses

    Interesting, David—tell me, why do you feel this small disclaimer is needed? I’m not seeing it, but can you help connect the dots for me? Thanks.

    Reply
Ian

Great content keep it coming!

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Ian

I love to swipe your stuff!

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brelle Goree

Awesome

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