OfflineIs is possible to get property with an option to sale and not own the property and sell it with an option?
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Joe trevison
property you don't own
Posted on: Wed, 06/04/2008 - 19:10
Is is possible to get property with an option to sale and not own the property and sell it with an option?
Joe trevison
Made $30,000 doing this, not owning the property
Joe trevison
i quite understand what your saying?, SULLY.
YOUR HERO, SULLY
You can sell a property without owning it if you have control of it with a lease option or flex option agreement.
There is always something new coming up in Real Estate deals. That's why I'm constantly learning and buying all the new gurus courses to see what's hot and working now. Wish you could get paid to be a student... LOL!
Elena
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
You can make money from controlling the property. You can make money from say selling the contract (known as assignment of contract), using the lease option or just an option. If you sell the option you are selling the rights of purchase similarly to the assignment of contract even though the house is not actually sold but again just the rights to the property. The other way to do this is to option the house then sub option the house. When the new buyer closes then you close your option also.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I think what he meant if he could sell the property that is lease options to purcase, and then sell it. If that is the question, then yes, but nstreet and elana have already answered it. However, you can't sell it unless you own it or have control of it.
He who has control has ALL the power! MUAH HA HA HA HA! [Insert evil laugh here]
Elena ;D
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
Where can I find the contracts that you talking about? Thanks for any help in this matter.
Joe trevison
Which contracts are you interested in? Lease option, purchase agreement, flex option are all different contracts.
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
All before I know what to use to make money with no ownership.
Joe trevison
Look up at the left under forms and docs.
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
I think might be at that site. Thank from the bottom of my heart.
Joe trevison
Technically.. no. You can't sell it unless/until you own it. With a double close, you will own it for a few brief minutes until the escrow company transfers the property to your buyer.
However, as mentioned, you certainly can put yourself in the middle with you having an option and then giving someone else an option too. This is often called a sandwich lease.
Did you find them
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125