This is a fundamental and powerful concept in real estate investing. What is an Option to Purchase? An Option to Purchase (or a “Purchase Option”) in real estate is a contractual agreement that gives an investor (the “Option Holder”) the right, but not the obligation, to buy a specific property at a predetermined price within a set period […]
I have done lease options for over 40 years and that’s a long time. I learned about options in general from the book “Nothing Down” with Robert G Allen. It was the mid-80s and interest rates were high and I learned a lot about seller financing and wraparound mortgages because the interest rates were so […]
An option to purchase contract means that you have a right to buy the property anytime during a. Of time for a certain amount of money. This right cannot be taken away from you. Generally you can sell this right by assigning the option, unless it has stated that you cannot assign the contract. So […]