[Rick Casselberry]

Rick Casselberry

well
i guess you could let those formers have options on the new house to ‘secure their interests’
then the new guy can purchase those options from the formers at closing

[Donna Ross]

Donna Ross

Hi All:

I am putting in an offer to acquire an option to buy a home which I will sell 1/2 interest in to an owner occupant client of mine…he will pay me an option fee to acquire an option for a lease option…..

I want to have part of the option fee he pays me to be paid to 2 different former partners of mine who I verbally owe some funds to…..

Is there a way I can structure this so that this occurs correctly ? (Ie to make sure the escrow company can pay the funds out to the two former partners from the option fee my buyer pays to acquire his 1/2 interest ….I DO NOT want to pay them from my own fee; I definitely want them to be paid from my buyer, if at all possible. Do I need to have a paper trail: ie sell my former partners an option on MY option….or is there some other way to do this more easily/cleanly?)

Thk you!!!
D