How Do You Get The Prop Under Contract?
I see 3 ways to get the property under contract. Please let me know if you know of any more or have any insights:
1) Get the seller to sign an agreement that they will give me a "consulting fee" or the like if I am able to find them a buyer. Put lien on property if I send them a buyer and they don't perform.
2) Seller signs a full-on purchase and sale agreement. Put up as little earnest money as possible and market the deal. Assign or double close.
3) Seller signs an Option to Purchase Agreement. Assign or double close. How am I protected? What stops the buyer and seller from cutting me out of the deal?
IE: I market the deal. Joe Investor drives by, calls FSBO sign and makes a deal with seller cutting me out.
JohnCl
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