Description
Also known as How to Make Big Money in Real Estate Even Though You Do Not Own 1 Square Foot of Land or Buildings, this valuable report shows you how to build wealth in real estate using options to control desirable properties for little cash (sometimes as low as $1). You can sell, or lease, these properties for a profit, using options like those shown in the report. Gives step-by-step procedures, along with several examples of actual option documents.
Let’s start by understanding what an option is and how you can use an option in real estate and other businesses. We’ll look at two types of options: Buy Options and Lease Options.
A buy option is a one- or two-page agreement in which the seller agrees to sell you a named property of some type, usually real estate, but it can be a ship, an airplane, a bus, a truck, etc., for a stated price during a named time period — 30 days, 60 days, 90 days, or even one or two years. Both the seller and you sign the buy option to indicate that you both understand, and agree to, the written terms of the buy option. For safest results, the buy option must be prepared by a competent real estate (or other type asset) attorney.
A lease option is a one or two-page agreement in which the owner of a property or other asset agrees to lease you the property for a stated period of time, usually one year, or longer. Some lease options go for as long as ten years. During the stated time period the property wil be leased ot you at a named monthly, or yearly, price. You can then lease the property to a third party for a higher price than you’re paying.
Examples of actual options are given later in this brochure. You can use these as a guide to understanding better the options your attorney prepares for you.
You can make money from real estate or other capital holdings without owning any property by using options to buy or lease real estate or other assets.
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