Welcome to our course on options!
We Love Options! For small amount of money, we can control property. We don’t necessarily own it.
So an option to purchase means that you can, for a very small amount of money, control a property. If you put a memorandum or a performance mortgage against the title of the property, you can protect your option.
So, for instance, you can put $10 down on a house with a standard option to purchase. And for let’s say 90 days, the seller cannot sell or mortgage the house until the option date expires/
Another reason why we use options. We couple the options a lease.
We have the right to buy that property at any time.
On the lease we have the right to sublease the property.
This is called a sandwich lease option.
There are more complicated ways to use options than these two with these are the most common ones/
Auctions of the cheapest way to invest in real estate because the option consideration monies are small.
Thanks for reading this and we look forward to helping you learn about options.
