Jack’s Options Mini-Online Seminar #2

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  • Gary Swartz
    July 30, 2020 at 3:12 pm
    Gary Swartz

    Question please: at about the 20:00 minute mark Jack talks about optioning a house for 1/2 of the profit (upside) along with 1’2 of the rents that it has generated with him keeping “good’ books. How are major expenses covered (A/C, roof etc.)? Who pays for them initially? I assume those costs are adjusted at settlement?!

    Jackie Lange
    July 31, 2020 at 12:16 pm
    Jackie Lange

    HI Gary

    everything is negotiable.

    Sometimes the person putting up 1/2 wants as many expenses as possible to reduce their taxes.

    sometimes one person puts up all the money and the other person puts up their TIME.

    or any combination.

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