Instead of listing properties, the astute wheeler dealer can simply buy a short term 3 to 6 month Option to sell a marketable property at a net price to the Seller that's about 80% of market price… assuming this is a property in great condition.
If you option a $100,000 house for $80,000, then sell it for $90,000, you will make $10,000. (much more than the real estate listing would net with a commission).
Use of Options can enable you to have several of these in the pipe line at all times. Plus you can option houses in higher price ranges than you would normally feel comfortable buying for your rental portfolio.
Do just 1 option deal per month for 5 months, you’ll have $50,000 which is more than most people making working at a job 40 hours a week for 50 weeks, or 330 days!
Keep in mind… with an Option you do NOT buy the house, you do NOT need to get a loan, you do NOT need do any repairs… you just control the property.
To make a business out of Options, you would need to continue to fill your pipeline with options while also building your buyer’s list helping buyers get financing
Some CashFlowDepot members are closing one option deal each WEEK.
SEE THIS VIDEO TO learn what some CashFlowDepot.com Members have to say about OPTIONS.
There are many many other uses for options too!
You can use options to control, buy, sell and finance real estate and build incredible wealth. You can combine an option with a lease or use them by themselves.
In this economy, Options are the safest strategy you can possible use to make money with real estate.
