Flex Option vs Assignment

Bird Dogs, Wholesaling
1

I have been reading into the Flex option contract and had a few questions about it.

  1. When doing a flex option contract, does the end buyer take over that contract or do I have to create assignment contract?

2a. By doing a flex option, is it possible for seller to gain access to my buyer for future deals? (Just invested a lot of money in campaign to buyers)

2b. Is assigning a contract protecting me from 2a?

  1. What is a decent amount to put down for EM?

  2. Is there a limit on assignment fee?

2
  1. There will need to be a purchase contract signed by the seller and a buyer. The other forms (flex option, assignment, etc) are all supplementary and only exist to establish equitable interest and tell the closer who to pay and how much.

2a. If they meet they meet, but I wouldn’t worry much about this. Your buyer will buy deals he wants whether you bring them or not.

2b. They could still meet.

  1. $10 for FSBOs, about 1% of the contract price for REOs.

  2. Not at all. However if it’s obscene you’re probably better off doing a double close so your fee is not made known to the end buyer.