As always, Peter’s seminar was incredible. He always WAY over delivers!
Last weekend, he shared one Option case study after another while carefully explaining the seller’s situation and the reasoning for the solution which was used. There was a lot of class participation (which Peter loves). The questions and discussions added great value to the entire weekend.
Everyone walked away with a clear understanding about how to use strategic Options. Strategic options are ideal when you are working with a home owner who would like to stay in the house… at least for a few more years.
Peter demonstrated many different ways you can help a seller achieve their objectives while you still make a huge profit when the house is sold.
Here is one example:
Lady wants to sell because her husband died and she can no longer afford the house. Her daughter just started high school so she would really like to stay but her house payments are $300 more than she can afford on her salary alone.
Peter helped the home owner evaluate her budget. In doing so, he discovered that she had a $350 per month car payment with less than $5000 needed to pay off the car loan.
Peter bought an Option on her house for $5,000 (just enough to pay off the car) which freed up $350 per month.
The results:
The lady no longer had to pay $350 a month for the car payment so she could afford to stay in the house until her daughter graduated from high school.
Peter got an option for 50% of the upside in the equity.
Win-Win for everyone!
With Options, you do not need to buy the house to make a big profit.
With strategic options, especially in this economy, there is always the risk that the house could be worth less when it is time for the house to be sold. So, it is always a good idea to include at least one extension, two would be even better.
Tactical options, on the other hand, are used when you put up a very small option consideration (usually less than $100) for the right to buy a house at a reduced price. Then you do the marketing to find a buyer who will pay more than your option price. You usually get paid in less than 30 days. These are the kind of option deals I do mostly.
Tactical options can be used for old, run down houses, million dollar mansions and everything in between… and even for non-real estate items. At the seminar, one attendee told me how he got an option on an collector model Mercedes which he flipped for $15,000 in less than a week.
Both tactical and strategic options solve seller’s problems and help you make money with minimal cash exposure, no bank loans, and greatly reduced risks.
In my opinion, Options are the ideal strategy to use in today’s uncertain economic climate.
You really need to learn as much as you can about options!
Options were Jack Miller’s favorite way to make money too. And he often said he made more money with options than any other strategy.
Learn more about Options with Jack Miller’s Introductory Home Study Course or his Advanced Home Study Course. They are both on sale for only $250 (regular $350) which includes free shipping. If you buy both courses at the same time, you will also get a BONUS forms CD. (Sale ends March 31, 2014)
Best of Success… and Freedom.
Jackie
P.S. I know you will ask… NO, Peter’s seminar was not recorded.
