The most powerful tool you can use in your real estate business are OPTIONS.
They come in many shapes and sizes but the most common is to write a purchase
agreement with a contingency clause that says I'll buy the house when...., or I'll buy
the house if.....
You can use an Option to control real estate while you find a buyer who will pay
more than your option price. You could use an Option to control real estate while
you do a Highest Bidder Sale to find a buyer.
The great thing about Options is that it usually cost less than $100 to get an Option.
If you sell the house you make money, but if you don't sell the house you are only
out a little money and time - so Options are very low risk too.
Options can be short terms - lasting only a month or two. Or options can be long
term lasting many years.
You can learn more about using Options in the FIVE new real estate lessons posted
at CashFlowDepot. You'll learn:
Leveraging Vs Borrowing - Advantages of Options
Comparing Cashflow With Options
Split Options
Using Wrap Around Options
Buy Back Options
You'll find these articles at www.CashFlowDepot.com in THE DEPOT.
Options are an excellent strategy to use in your real estate business now. Try it,
you'll like it!
To Your Extreme Success,
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