Thursday, May 27, 2010

Real Estate OPTIONS

At the top of the list were Real Estate Options because you can make a lot of money in a short time with very little ( if any) money at risk. Options are cheap to get in to, do not require a loan, do not require a private lender, and do not require any fix up. Yet, they are very VERY profitable.

A real estate option is where you have a purchase contract but there's a contingency clause with
"something" that has to happen before you will close.

Typically, you'll pay $10 - $100 to get the option. And typically, you can turn that $10 in to $10,000 - $50,000 or more in less than a month.

You can see why real estate options are such a great strategy to use.... especially now with so much uncertainty in the economy.

They are the ultimate way to leverage your money and avoid all risk.

In fact, Options are such a powerful tool that for many years Jack Miller refused to teach his Options seminar in the Tampa area. He didn't want anyone in HIS market to learn the secret path to the biggest (and easiest) goldmine of real estate profits. Getting options are what made it possible for Jack Miller to completely retire from his real estate business in less than 5 years. ( But he got bored being retired so after taking off a year he got back in the game full speed.)
CLICK HERE to Listen to Jack Miller talk about Real Estate OPTIONS

Here are some real samples of Option deals:

My daughter paid $100 to get a $110,000 option on a run down house. The house was sold a few days later for $115,000 and it closed in two weeks. No loan. No fix up. No contractors.

Last month, I paid $0 to get a $550,000 option on a nice house in a nice neighborhood. I used a Highest Bidder Sale to sell for $650,000. No private lenders needed.

A Roth IRA paid $500 to get an option to buy a house for $100,000 After a few weeks of marketing the house was sold for $123,000. The $23,000 profit went in to the Roth in less than two month. Options are the best way to build up your self-directed retirement account fast.

You can see why I like Options so much.

Little dollars in - Lots of dollars out!

Options can be used to CONTROL real estate while you find another buyer, find a tenant, find financing or while you wait for the market to change. Some Options are less than 30 days. But Options can be long term - like 30 years or more.

Either way, they are a great way to make a lot of money without actually buying the house!

You really need to learn as much as you can about getting and using Options in your real estate
business. They are the safest and easiest way to make money

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