Flipping-Option contract or Purchase contract? - Posted by HT

Posted by HT on November 26, 2000 at 22:06:58:

When flipping properties, is it best to use an option contract or a purchase contract to tie up the property?

I’ve seen and heard of usage of both and wondered was there any significant difference since both would provide “escape routes” should you not be able to find a buyer.

Thanks for all feedback