Then you need to be sure the agreements you use allow for assigning the deal. There are a lot of little points that need to be addressed in the paperwork. It’s impossible to say whether or not that agreement you linked to is any good without reading through it in its entirety.
I would not use the form packet you indicated. Instead go to AJ290’s other favorite web-site, just look. A memorandum of option would be good for the buyer and I also use a CYA form that states stuff like (buyer) I am not under the influence of alcohol, drugs plus many others. If the buyer won’t sign it, no deal.
Yes, his manual costs $97. In addition to being the most concise and clear book on the subject of lease purchasing, it also includes all the various forms used for the various types of lease option deals. Including assignments, cooperative assignments, option to purchase agreements, etc.
Most other comparable courses start at around $500 from what I have seen and can easily cost double that, which is ridiculous.
Are the forms state specific forms that can be used based on the state I live in? I agree $500 is unheard of. According to you his manual islike the best there is. What makes this particular manual the best of the best?
Are the forms state specific forms that can be used based on the state I live in?
No, it would be impossible to offer 50 varieties of contracts to meet the specifics of every state. The variances in state law would need to be addressed. That can easily be done by either having a local real estate attorney review the docs, or by visiting a local REIC and getting some feedback there about state requirements from other investors. By the way, what state do you reside in?
I agree $500 is unheard of.
You would think, but I have seen similar course for $1,000. :bs I think the difference is that course offers some shiny discs and a pretty cover. :rolleyes
According to you his manual islike the best there is. What makes this particular manual the best of the best?
Of course, that's a subjective opinion. But for me, I want to spend less time studying and analyzing and more time taking action towards putting money in my pocket. The author takes a no BS approach and simplifies matters greatly. That, plus the inclusion of all the contracts and agreements I needed made purchasing it a no brainer for me.