How To Generate An Option Package (for Land Investing)

If you are dealing with a high priced property or one that you are not sure you want to purchase you may want to send an Option Agreement to the owner vs. an Offer Agreement. The Option gives you the option to purchase a property at a specific predetermined price on or before a particular date and gives you the right to market that property for sale within that time period. If you are able to line up an end buyer for the property before your Option expires you can do a double close or just assign the Option or Sale Agreement to the end buyer. Allowing you to do a deal with no money. If you can’t line up an end buyer in time you can simply let the Option expire.

To Generate the Options Package first make sure the record is in the ‘Pending Preliminary Research‘ status.

Enter in and save an amount under the ‘Option Amount‘ field. This will be the amount you agree to purchase the property at, if you exercise your option to buy.

If there are any back taxes on the property, enter the amount under the ‘Back Taxes‘ field and save.

If you would like to change the default dates on the Option Agreement (optional) you can override them on a per property bases by selecting a date under the ‘Option Accept By‘ and ‘Option Expires On ‘ fields.

Make sure that the Owner’s Name or Company/Entity Name is filled out and matches the County’s records.

Click the blue ‘Update Record‘ button to save the changes.

Under the ‘Generate Documents‘ page. Click the ‘Options‘ tab to toggle it open. Click on the .DOC or .PDF options to generate and download the following documents:

  • Option Cover Letter
  • Option Agreement
  • Exhibit A (Optional)
  • Envelope Labels

Here is a list of resources we use for this including the Label and Envelopes we use for the Option Package.

Once you have generated your Option Agreements click the blue ‘Bulk Update Records‘ button to the right of the ‘Generate Documents‘ page to move the records into the ‘Option Sent‘ status.

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How To Add Multiple Owners To A Property Owner Record

To add multiple property owners to a land, or house ownership record click on the ‘Edit‘ link to the right of the property record:

Then make sure that the ‘Individual‘ option is selected under the question ‘Owner of Record> This property is owned by:‘, and the ‘Yes‘ option is selected under the question ‘Owner of Record> Are there other owners on title?‘:

Enter the name of the others on title under the 2nd through 5th owner name fields.

NOTE: Typically we don’t deal with properties that have more than five owners on title, but if you do have a property with more parties than five you can either add the remaining names under the ‘5th Owner’s Last Name‘ field, or you can mark the record as a ‘Company/ Entity‘ then put all the owners into the ‘Company Name‘ field.

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The Investment Dominator Plugin and Theme Marketplace (COMING SOON)

We are currently looking to work with talented web developers to grow a directory of 3rd party plugins and themes for the Investment Dominator system that would allow users to add additional functionality to their business by utilizing the data they store in the Investment Dominator CRM.

Web developers would leverage our robust and secure API to access data within Investment Dominator accounts and create additional functionalities and tools that can be shared among the growing Investment Dominator user community to help improve their success in the area of Land, Home and Note Investing and management.

If you are interested in becoming an Investment Dominator plugin developer, then please send us a message under the ‘Help> Suggest A Feature‘ section and let us know, please also include your web development experience, coding languages you specialize in,  and what plugins you would like to develop. We are looking forward to working with you to help grow this platform into the #1 Real Estate Investment CRM for Land, Homes, and Notes.

NOTE: Approved developers must be an Investment Dominator user themselves, understand the structure of the platform, have a solid grasp on how the API works and should have experience or a deep understanding of Land, Home, or Note investment procurement and management.

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Advanced Search and Saved Searches

With our ‘Advanced Search‘ option, you can easily and quickly identify records under the ‘Land Deals‘, ‘House Deals‘, and ‘Buyers List‘ section based on multiple AND/OR search criteria.

Using this feature you can identify records based on almost any record field in the system and by adding a combination of custom record filter rules such as Equal To, Not Equal To, In, Not In, Less Than, Greater Than, Between, Is Empty, Is Not Empty, etc. to the search.

Advanced Searches can also be saved and accessed under the ‘Reports> Saved Searches‘ area.

Below are some examples of advanced searches that you could run…

Example 1: By Status and By Date Created

Let’s say you want to identify all the records under your Land Deals section where the Status is set to ‘Prospect‘ and where you created the records on a particular date (through import or manually one-by-one). All you need to do is go to ‘Land Deals> Advanced Search‘ and then create a search with the following criteria:

Example 2: By Type and By Phone

Let’s say you want to identify a list of contacts in your Buyers List that have phone numbers but have not purchased a property from you yet. All you need to do is go to ‘Buyers List> Advanced Search‘ and then create a search with the following criteria:

Example 3: By City, Status, and Note

Let’s say you want to identify all the house deals you are currently researching in the Houston area, where you also mentioned “roofing issues” in a note. All you need to do is go to ‘House Deals> Advanced Search‘ and then create a search with the following criteria:

Example 4: By Status and Tag

Let’s say you want to identify all the land deals that you have successfully sold to this point and that was also tagged with a custom tracking tag that you created. All you need to do is go to ‘Land Deals> Advanced Search‘ and then create a search with the following criteria:

You can even search records that have multiple tags by clicking the options ‘Add Rule‘, ‘AND‘, ‘Tag‘, ‘contains‘ then select the other tag to search by:

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System Merge Fields

The Investment Dominator equips you with the ability to create your own Custom Documents, Custom Website Pages, and Custom Blog and Property Posts. When creating these custom templates you can utilize system merge fields to dynamically pull in data from an Owner Record, Property Record, Contact Record, Your Company Information, or Profile.

Here is a list of system Merge Fields that you can use to output data on to your custom website pages, posts, and documents:

  • You can perform basic calculations with any numeric field in the system. To do this you must surround your calculation with double parentheses. For example the calculation for the Net To Seller amount is (([property-price]-[property-backtaxes]))
  • To output your value as a currency then place USD in front of your calculation for example: USD(([property-price]-[property-backtaxes])) will output the calculated value in the form of USD.
  • You can calculate a future date by adding the number of days to any date merge field in the system for example [current-date +7] will output the date of seven days in the future.
  • Some merge fields have option variables that you can include inside the merge field to add functionality to them. For example [optin-form confirmation_url=’/custom-page’] allows you to set a custom confirmation page URL for the Optin Form that is created when you use the merge field.
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Data Table and Custom Column View

Under the ‘Land Deals‘, ‘House Deals‘, and ‘Buyers List‘ tabs there is a data table that displays the records under that section. Because of screen space, we do not display all columns of information for each record; instead we only display a small portion of the record data as a preview and to get the complete set of data on that particular record click the ‘Edit‘ option next to the record to open it and access all the fields of information.

How To Change The Default Column View of The Overview Table

To customize what columns of data to display on the data table click the ‘View‘ option at the top of the data table.

Select the columns that you would like to display on the data table and then click the ‘Save‘ button to save the change.

How To Reset The Column View Back To The Default View

To reset the column view back to the original recommended view, click the ‘View‘ option to load the Custom Columns settings then click the ‘Reset To Default‘ button.

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Add Records

For the most part, you’ll want to create records in the Investment Dominator by importing data from into either the ‘Land Deals’, ‘House Deals‘, or ‘Buyers List‘ tabs. However, from time-to-time you may need to create just a single record manually. For that please follow the process below…

Create A Land Deal Record

  • Click the ‘Land Deals‘ tab.
  • Click the ‘Add Record‘ option at the top right side of the screen.
  • Fill out the fields under both the ‘Caller’ as well as the ‘Owner of Record’ sections (which includes the owner’s Name and Address) as well as at minimum the ‘Property State’, ‘Property County’, and ‘Property APN’ fields.

Create A House Deal Record

  • Click the ‘House Deals‘ tab.
  • Click the ‘Add Record‘ option at the top right side of the screen.
  • Fill out the fields under both the ‘Caller’ as well as the ‘Owner of Record’ sections (which includes the owner’s Name and Address) as well as at minimum the ‘Property State’, ‘Property County’, and ‘Property Address’ fields.

Create A Buyer’s List Record

  • Click the ‘Buyers List‘ tab.
  • Click the ‘Add Contact‘ option at the top right side of the screen.
  • Fill out at a minimum the ‘Name’ and either a ‘Phone’, ‘Email’, or ‘Address’ for the Contact.
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How To Set Offer/ Option Amounts In Bulk For Land Deals

If you would like to set the offer and/or option amounts in bulk here are the steps…

  • Click on the green ‘Land Deals‘ tab.
  • And then click on the ‘Offer Requests‘ Stage at the top of the table.
  • Click the blue ‘Set Offer/ Options Amounts‘ button.
  • This will display the Offer and Option Amount fields for each property displayed in the table.
  • Enter in your Offer or Option Amounts for each property in this list then click the blue ‘Save Offer/ Option Amounts‘ button to save all the offer/ offer amounts in bulk. NOTE: Click the ‘Calculate Offer/ Option Amount‘ icon to bring up the calculator for that property.
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What Is The Purpose of The Buyer’s List?

The ‘Buyers List’ section on the Investment Dominator is where we manage the disposition or marketing/sales side of the business. Jack Bosch talks about this in the Land Profit Generator training program in Session 16: Internet Marketing Basics.

Basically, the ‘Buyers List’ a list of prospects that you grow, refine and nurture over time. Since real estate is not an impulse buy, it normally takes a few touches before you sell a property to someone and the ‘Buyers List’ helps you keep track of these people while they are in that decision-making period.

Here are some helpful articles that talk about the ‘Buyers List’ in more detail, but we also recommend that you watch the Land Profit Generator Module 16 to get the overall concept of this important list.

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