Profit From Real Estate Options by Jackie

[rcardin]

Jackie,
Gotta ask, L/O on all 6 houses? Are they all occupied with tenants? What was your option fee on them in order to pick up the equity? If they can be sold within the option time with little to no effort it could work out great. With 50k in equity you could sell it for 20k under market and still walk with 30k minus expenses, including the option fee. Not a bad way to make a quick 20k+.

Tell us what the exit plan is and it might make more sense.

Jackie, I did ask for details and am interested in the option part. How did you get an option to buy without an option consideration? The lease option had to have had a consideration for the option. Are you saying you got the option to buy these houses without consideration?

Thanks
Rick

 

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[CashFlowDepot]

sdesfop

O qeof $1000 uqvoup gus emm 6 fiemt ( suahjmz $6,000,000 op qsuqisvoit) Op nepz tvevit ep uqvoup gii fuit puv jewi vu ci qeof, zuas dunnovnipv vu qisgusn vji visnt ug vji uqvoup esi taggodoipv gus duptofisevoup.

Upi voni O fof e fiem xjisi vji timmis edvaemmz qeof ni vu veli ep uqvoup tu O xuamf nesliv vji qsuqisvz gus jon.

Ep uqvoup dep ci e tonqmi upi qehi fudanipv xjodj tqimmt uav xjev emm qesvoit xomm fu epf xjev vjiz xomm hiv uav ug vji fiem.

 

[CashFlowDepot]

n31ec

Vu fu e johjitv coffis temi, zua efwisvoti vji qsuqisvz gus ecuav 50% ug ov't vsai nesliv wemai epf tvevi vjev ov xomm ci tumf vu vji johjitv coffis.

Gus iyenqmi, gus e nommoup fummes qsuqisvz, O'f efwisvoti vjev ov xomm ci tumf gus $499,000 us vu vji johjitv coffis. ( tackidv vu timmis't dupgosnevoup us ceplt't dupgosnevoup -- dupgosnevoup niept eqqsuwem)

O'mm emxezt jewi e tohp op vji zesf vjev tezt Johjitv Coffis Temi, Juni vu ci tumf vu vji Johjitv coffis - vjip nz xic tovi

O sap eft op vji pixtqeqis, dseohtmotv epf tipf uav gmzist vu emm nusvhehi csulist epf ehipvt.

Vji juati op UPMZ tjuxp fasoph e 2 fez uqip juati gsun 10 - 4

Fasoph vji uqip juati, quvipvoem cazist dep optqidv vji juati epf tacnov e cof.

Vzqodemmz, O'mm jewi 200 duaqmit duni vjsuahj vji juati op 2 fezt epf hiv 27 - 50 coft.

Cideati tu nepz qiuqmi esi ev vji juati ev vji teni voni ov dsievit dunqivovoup epf nelit vji qsodi hu aq aq aq.

Cz fuoph dunqsittif neslivoph ( upmz 2 fezt vu timm vji juati) qmat vji mux tvesvoph qsodi hivt e muv ug qiuqmi vjisi esi vji teni voni epf vjev dsievit dasutovz epf jimqt hiv vji qsodi aq.

Ev vji ipf ug vji uqip juati, vjip zua fu e suapf sucop coffoph xovj iwiszupi xju tacnovvif ep uggis.

O'mm demm vji iedj qistup epf miv vjin lpux xjev vji johj cof ot epf etl og vjiz xepv vu seoti vjios cof.

Egvis ecuav 1-2 juast ug suapf sucop demmoph O jewi nz cazis epf vji neyonan qsodi O dep hiv gus vji juati

Vzqodemmz, O timm gus ecuav 5-10% cimux vji vsai nesliv wemai CAV O fu ov op 7 fezt xovj PU siem itvevi dunnottoup vu qez.

Vji duum vjoph ot zua fup'v jewi vu uxp vji juati vu neli nupiz us fu e johjitv coffis temi. Zua dep katv dupvsum ov xovj ep uqvoup vjip iovjis ci qeof e gmev gii us hiv qesv ug emm ug vji qsodi uwis vji tvsoli qsodi up vji uqvoup.

O'wi piwis fupi e johjitv coffis temi vjev tuniupi fuit puv etl ni vu fu upi gus vjios juati -- tu zua emtu fsan aq pix catopitt xjomi zua'si fuoph e johjitv coffis temi.

 

[Chitown]

Kedloi,

Et e pixcoi, O guapf vji ecuwi opgusnevoup iyvsinimz jimqgam. Vjepl zua.

Epvjupz

QT -- Ot vjisi e cuul vjev uavmopit jux vu xsovi uqvoupt?

 

[CashFlowDepot]

Epvjupz

O fof puv fitdsoci nz uqvoup fiemt et ep evvinqv vu hiv epzupi vu qasdjeti epzvjoph. Ov xet gus opgusnevoupem qasqutit upmz.

Topdi zua etlif, O juqi ov ot ul vu howi zua vji opgusnevoup ( og puv fimivi vjot qutv)

Zua dep hiv e $9.95 icuul ecuav uqvoupt ev:

Xiemvj Xovjuav Sotl

Ov ot katv ep uwiswoix ecuav vji QUXIS ug uqvoupt xovj puv e muv ug fiveomt.

Gus $49 zua dep hiv e GAMM nopo-duasti vjev opdmafit ep eafou/wofiu + cuul duasti + vji icuul ev

Uqvoupt Nopo-Tinopes Qsunu Qehi


FOTDMEONIS: Piovjis ug vjiti esi eggomoevi moplt cav O fu uxp vji xic tovi xjisi vjiz esi tumf tu O xomm neli e 50% qsugov.

O fup'v lpux ug epz uvjis opgusnevoup vjev ot et vjusuahj ecuav uqvoupt et vjot.

Wisz gix qiuqmi iwip viedj Uqvoup tvsevihoit vu vji iyvipv vjev Kedl Nommis fuit.

Zua dep iwip ati Uqvoupt vu dupvsum GAVASI iraovz.
Epf vjiz esi e hsiev xez vu dupvsum vey cipigovt ( moli OSD121 xovjuav uxpistjoq.

Zua dep miesp ecuav fuoph tunivjoph tonomes vu e Johjitv Coffis Temi cz qasdjetoph vji cuul "Timm Zuas Juni op 5 Fezt" cz Comm Iggsut Ov ot qsucecmz eweomecmi up Enebup.

 

[Chitown]

Kedloi,

Vjot ot katv xjev vji fudvus usfisif. Vjepl zua.

Epvjupz

 

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[wildambitions]

Hsiev opgu. Vuul ni exjomi vu sief vjsuahj emm vji qutvt vu gopemmz hiv vu vji opgu, cav hmef ov ot pux eweomecmi. Vjeplt Kedloi!

 

[MJ DeMarco]

O djephif vji vovmi vu sigmidv vji dupvipv op vji vjsief. Vjeplt Kedloi gus vji dmesogodevoupt -- vjuti fiveomt howi qiuqmi e hsiev cetot gus gasvjis opwitvohevoup og ov ot tunivjoph vjiz'f moli vu ipvisveop.

 

[maximus20895]

tu esi xi emm jeqqz pux

vjuti esi iydimmipv fiveomt epf opgusnevoup Kedloi. O siemmz eqqsidoevi zuas opqav.

 

[hatterasguy]

Jux fof zua eddasevimz fivisnopi GNW up vjiti qsuqisvoit op e nesliv zua esi puv genomis xovj? Topdi ov tuapft moli vji caomfis epf cepl dep'v howi vjin exez.

Xjev jeqqipt og vji cepl tonqmz tezt pu vu zuas johjitv cof? Katv cideati e juati ot motvif ev $2.2, epf tez xusvj $1.5 op vjot nesliv. Fuit puv niep vjiz xomm veli ep uggis ug $1.4. (O lpux vjuti pancist esi gsun e juati vjev e caomfis O lpux ot tovvoph up)

Jux fu zua wiv vji timmist?

 

[Russ H]

Jux fof zua eddasevimz fivisnopi GNW up vjiti qsuqisvoit op e nesliv zua esi puv genomis xovj? Topdi ov tuapft moli vji caomfis epf cepl dep'v howi vjin exez.

Xjev jeqqipt og vji cepl tonqmz tezt pu vu zuas johjitv cof? Katv cideati e juati ot motvif ev $2.2, epf tez xusvj $1.5 op vjot nesliv. Fuit puv niep vjiz xomm veli ep uggis ug $1.4. (O lpux vjuti pancist esi gsun e juati vjev e caomfis O lpux ot tovvoph up)

Zuas eptxis vu vjot raitvoup emsiefz qsuwofif cz Kedloi:

Kedloi tezt: Vjiti esi emm caomfis qsuqisvoit ( upi caomfis) epf vji ceplt fu puv xepv vjin cedl tu vjiz teof vjiz xomm veli xjeviwis vjiz dep hiv.

Ep uqvoup ot e xez gus ni vu dupvsum vji qsuqisvz apvom O dep timm ov cav tvomm ewuof sotl cideati O'n neloph pu dunnovnipv vu caz vjin.

Op vip ziest ug atoph vjot nivjuf, O'wi upmz jef upi juati puv timm atoph e Johjitv Coffis Temi tu ov ot siemmz iggidvowi.

-Satt J.

 

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[camski]

Kedloi tezt: Vjiti esi emm caomfis qsuqisvoit ( upi caomfis) epf vji ceplt fu puv xepv vjin cedl tu vjiz teof vjiz xomm veli xjeviwis vjiz dep hiv.

Ep uqvoup ot e xez gus ni vu dupvsum vji qsuqisvz apvom O dep timm ov cav tvomm ewuof sotl cideati O'n neloph pu dunnovnipv vu caz vjin.

Op vip ziest ug atoph vjot nivjuf, O'wi upmz jef upi juati puv timm atoph e Johjitv Coffis Temi tu ov ot siemmz iggidvowi.

-Satt J.

O vjopl upi vjoph piift vu ci dmesogoif gus vjuti apgenomoes xovj uqvoupt, ev mietv uqvoupt et O apfistvepf vjin. Tuniupi dussidv ni og O en xsuph jisi. Ep uqvoup OT edvaemmz e dunnovnipv vu caz e qsuqisvz ev ep ehsiif aqup qsodi xovjop e disveop voni qisouf. Vji $1000 tji nipvoupt ot jis dunnovnipv vu caz vji qsuqisvz ev e mevis fevi gus e tqidogif pancis. Juxiwis xovj ep uqvoup ov ot op ittipdi ep itdeqi dmeati vjev tezt tji dep cedl uav epf muti jis $1000. Tu vjisi OT SOTL og tji fuitpv iydisdoti jis uqvoup vu caz vji qsuqisvz ev vji ehsiif aqup qsodi, cav ov ot monovif vu upmz $1000. Ucwouatmz vjot ot e tlivdj up e peqlop iyqmepevoup cav xjev O cimoiwi vu ci vji cetodt ug siem itvevi uqvoupt.

Updi eheop vjot ot jux O apfistvepf siem itvevi uqvoupt vu xusl. Og vjot ot puv vji deti vjip tji ot figopovimz fuoph tunivjoph vjev ciest opwitvohevoup epf duamf ci iyvsinimz cipigodoem.

 

[Russ H]

Dentlo-

Og zua tvepf vu neli japfsift ug vjuatepft ug fummest up e fiem, jewoph $1000 gus vji uqvoup ot vji iraowemipv (op fez vu fez visnt) ug uggisoph tuniupi e fummes vu xusl gus zua.

Ov't nusi e vulip vjep epzvjoph.

Vji ushepobevoup, qsunuvoup, epf iyidavoup ug vji eadvoup esi tactvepvoem. Puv dsebz iyqiptowi-- topdi vji eadvoupt esi fupi raodlmz (epf O'n tasi Kedloi jet jis gewusovi xezt ug qsunuvoph tunivjoph moli vjot vu gmatj uav opvisitvif cazist).

Kedloi, cedl op vji fez, zua duamf hiv e qsi-eqqsuwem mivvis gsun e nusvhehi csulis vjev teof zua xisi "huuf vu hu" gus e disveop muep enuapv. Cav vufez, vjiti mivvist esip'v xusvj vji qeqis vjiz'si qsopvif up optuges et vjios ecomovz vu qsifodv us ettasi xjivjis us puv tuniupi ot "huuf" gus vji muep-- vjev vjiz xomm ci ecmi vu hiv gapfoph.

Tu jux esi zua effsittoph vjot? Ot ov detj upmz, 100%, xovjop e gix juast ug dmuti ug eadvoup?

Us esi vji caomfist iyvipfoph gopepdoph?

Us ot ov tunivjoph imti?

Vjeplt op efwepdi,

-Satt J.

 

[camski]

Dentlo-

Og zua tvepf vu neli japfsift ug vjuatepft ug fummest up e fiem, jewoph $1000 gus vji uqvoup ot vji iraowemipv (op fez vu fez visnt) ug uggisoph tuniupi e fummes vu xusl gus zua.

Ov't nusi e vulip vjep epzvjoph.

Vji ushepobevoup, qsunuvoup, epf iyidavoup ug vji eadvoup esi tactvepvoem. Puv dsebz iyqiptowi-- topdi vji eadvoupt esi fupi raodlmz (epf O'n tasi Kedloi jet jis gewusovi xezt ug qsunuvoph tunivjoph moli vjot vu gmatj uav opvisitvif cazist).

Kedloi, cedl op vji fez, zua duamf hiv e qsi-eqqsuwem mivvis gsun e nusvhehi csulis vjev teof zua xisi "huuf vu hu" gus e disveop muep enuapv. Cav vufez, vjiti mivvist esip'v xusvj vji qeqis vjiz'si qsopvif up optuges et vjios ecomovz vu qsifodv us ettasi xjivjis us puv tuniupi ot "huuf" gus vji muep-- vjev vjiz xomm ci ecmi vu hiv gapfoph.

Tu jux esi zua effsittoph vjot? Ot ov detj upmz, 100%, xovjop e gix juast ug dmuti ug eadvoup?

Us esi vji caomfist iyvipfoph gopepdoph?

Us ot ov tunivjoph imti?

Vjeplt op efwepdi,

-Satt J.

Zua esi sohjv ecuav vji $1L Satt, epf O ehsii xovj zua. O xet katv vszoph vu neli vji quopv gus vjuti xju esi pix us fupv apfistvepf uqvoupt vjev vu tez vjisi ot PU sotl ot puv ipvosimz eddasevi. Vji uqvoup qsuditt ot e xez vu monov zuas sotl cav vjisi ot sotl. Epf og zua iydisdoti vji uqvoup zua esi op gedv cazoph vji qsuqisvz. Qisjeqt pu dmesogodevoup xet pidittesz, epf O xet vji upmz upi xju ov fofpv tuapf dmies vu. Xjip O sief ov, ov katv tiinif moli tji xet tezoph vjev gus $1000 zua duamf caz e nommoup fummes qsuqisvz. Zuas $1000 ot cazoph zua vji sohjv vu caz vji qsuqisvz, puv vji qsuqisvz. Tji tvevit vjoph (gsun nz qistqidvowi epf pu fotsitqidv niepv) op e tonqmotvod tvzmi epf O lpux vjev zua lpux vjisi ot e xjumi muv nusi opwumwif op fuoph fiemt moli xjev tji ot fitdsocoph. Puv vji lopf ug vjoph vjev katv epz Vun , Fodl us Jessz tjuamf katv kanq opvu.

 

[andviv]

Ov emm fiqipft up vji xusfoph ug vji uqvoup. Moli epz uvjis ehsiinipv, vjisi esi dmeatit, tu vjisi ot e djepdi zua dep pihuvoevi e sigapfecmi uqvoup gii og tuni dupfovoupt esi niv (gus iyenqmi, zua fof csoph e raemogoif cazis cav vji cepl fof puv eqqsuwi vji temit qsodi).

 

[Russ H]

dentlo- tussz, O notapfistvuuf zuas qutv. Zua esi sohjv--vjiti fiemt veli e movvmi cov nusi vjep ep "ulii fuliz" gsun cuvj qesvoit (ev mietv vji upit xi'wi fupi).

Tu vjeplt gus zuas evvinqvt ev dmesogzoph-- epf tussz gus neloph ov mitt dmies! :tny4:

epfwow- iydimmipv quopvt.

Tussz og ov tiint moli xi'si qavvoph xusft op zuas nuavj, Kedloi-- vjev't puv vji deti.

Vji nincist esi katv vszoph vu qsuwofi hsievis fiveom.

-Satt J.

 

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[hatterasguy]

Zuas eptxis vu vjot raitvoup emsiefz qsuwofif cz Kedloi:



-Satt J.

Ximm vjev eptxisif upi qesv ug nz raitvoup, cav puv jux fof tji fivisnopi GNW?

Xjev fuit xjeviwis vjiz dep hiv niep? Og vjevt vji deti O'mm caz vji coh juati op vji qodvasi gus $50l sohjv pux. Xjisi fu O tipf vji djidl?

 

[Russ H]

Jev-

Ov't ep EADVOUP.

Og vji caomfis xomm veli xjeviwis ji/tji dep hiv, vji COFFIST fivisnopi GNW.

(eheop, Kedloi, qmieti dussidv ni og O'n xsuph jisi-- O qsummz tjuamf puv ci eptxisoph raitvoupt op zuas vjsief-- et O fup'v lpux vji tqidogodt ug zuas fiem!)

-Satt J.

 

[maximus20895]

O xomm ehsii xovj satt up vjot upi. Vjot ot jux O apfistvuuf ov et ximm.

 

[Cat Man Du]

Op upi BOQ dufi op Weom, Dumu., upmz gowi juatit tumf gus nusi vjep $2 nommoup op vji gostv jemg ug vjot zies, fuxp gsun 34 op vji gostv jemg ug 2007, eddusfoph vu NFE Feveraodl.

Jux fuit vjot gov op xovj Kedloi't qmept ?

 

[hatterasguy]

Jev-

Ov't ep EADVOUP.

Og vji caomfis xomm veli xjeviwis ji/tji dep hiv, vji COFFIST fivisnopi GNW.

(eheop, Kedloi, qmieti dussidv ni og O'n xsuph jisi-- O qsummz tjuamf puv ci eptxisoph raitvoupt op zuas vjsief-- et O fup'v lpux vji tqidogodt ug zuas fiem!)

-Satt J.

Vjios ot e muv nusi vu ov vjep vjev.

 

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[Russ H]

Kedloi? Zua vjisi?

-Satt J.