Augie 
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Don’t have a lot of cash to work with? Not sure about a property’s value? Real Estate Options might be just the technique you’re looking for. While there are many creative real estate investing techniques you can employ, options are one to keep in your tool kit! Options give you control with out ownership and can be a powerful money making technique. I love them because they provide me safety, an opportunity to help the seller and a handsome profit.
An option allows us to purchase a set of rights including purchase price, time to close, and terms of the sale. Once you have the option you have two choices; close on the property or simply sell your rights in the option for an immediate profit. That’s right you can sell your option to another party (as long as it isn’t a non-assignable option). Imagine no payments, no holding costs, no maintenance or insurance costs and yet you can still choose to profit even before you close. The key with options is control without ownership.
Happy investing!
Check out my other post about lease purchasing homes.
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Thanks for the heads up on options. Options do have a lot of advantages. Another investment avenue is that of trust deeds, but this depends on which state you are in.
Yes you are right, real estate options are not much preferable in my state as they are no more a technique to generate income or wealth.
Wealth creation and insurance go hand in hand, no one wants to risk losing it all in an accident. So make sure your fully protected. Great read and options for future real estate investors.
Insurance is certainly an important component of an investor team. Asset protection and privacy strategies are equally as important. I encourage investors to find a broker who understands the investment side of real estate as well as how to provide coverage to Land Trusts, LLC’s and Limited Partnerships. Additionally, many carriers offer very limited coverage, so the agent/broker needs to be a guide for the investor so that they have the right kind of coverage.
I learned a lot here. I now know that the options can sell to third party.
Options are an excellent financial tool to have in your investor toolkit! Are you using them in your current investing business?Thanks for your comment!
To your success,
Augie
Options are a great way to creatively buy real estate because it involves little or no risk
Options involve little or no risk when negotiated and executed properly. It is important for investors to know what they are doing with Options because you are correct, Options are an excellent investing technique.
To your success…
Augie