Jack Miller Options as a Broker

Posted in Options

You must be logged in to reply to this topic.

Viewing 5 posts - 1 through 5 (of 5 total)
  • Posts
  • Hi! Jackie I’m sure you can answer this one in a heartbeat but anyone else with the answer feel free input as well. I love Jacks material and there’s no question he was super creative but sometimes I get lost as he can jump around a bit from story to story.

    So there was Jack the Broker pre-Options and Jack the Broker after implementing Options instead of more traditional listings. Can someone please explain as simply as possible what Jack was doing?

    Was he essentially getting a bottom offer price from the seller, getting an Option on the house for that price, and then selling the house for above that price taking into consideration closings costs, etc and his fee?

    I imagine he would record his Option to protect his interest yes? Would this strategy still work today? Does it matter if the eventual buyer uses FHA, Conventional, or cash?

    Thanks!

    William,

    Was he essentially getting a bottom offer price from the seller, getting an Option on the house for that price, and then selling the house for above that price taking into consideration closings costs, etc and his fee? YES

    I imagine he would record his Option to protect his interest yes? YES

    Would this strategy still work today? YES

    Does it matter if the eventual buyer uses FHA, Conventional, or cash? NO
    It would be a simple matter of clearing the title of the ‘flaw’. i.e. = your option.

    Simple?

    Seriously, Jack did EXACTLY that.

    Many try to complicate things.
    That’s why sellers say no – its too complicated.

    Keep it simple, tell the truth and ask for help.

    I would not be where I am today, if not for Jack.

    -MIchael

    Great reply Mike!

    Here’s an article Jack Miller wrote about why an Options is so much better… in many ways… than getting a Listing

    https://www.cashflowdepot.com/options-control-real-estate-without-the-fiduciary-or-liability-of-a-listing/

    Thank you! Great article Jackie! Excited to do my first Option! I have experience wholesaling fixer uppers but I see Options as a way for me to do it with retail houses. Is it similar to a net listing in way? But less hoops to jump though…

    When you combine an Option with a Highest Bidder Sale to sell the property… it’s a winning combination!! Study the section on Highest Bidder Sales!

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.