is anyone familar with a option to purchase without the lease part of the deal

General Real Estate Investing
1

i am new to REI . some once told me you dont have to be the smartest person in the industry just surround yourself with them… that why i am here asking this question. ???

i have customers waiting to buy houses from me
i have a web site
i am talking with owners

i just wanted to know if there were any tips for getting the sellers to accept a purchase option agreement(with out the lease)should i offer them money at the close
since i am not offering anything in the beginning. (except for 10 dollars to give me interest in the property to be able to sell it)

somebody told me i shouldn’t have to pay more than that beause i’m not going to lease the property i just want 30 days to sell it . and a realtor wouldn’t pay them to sell the house for them.
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second
. alot of them ask me if i’m for real. or who’s book i read or seminar i came from.
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with out a mentor that knows alot about real estate options without the lease and i see the ones that are going to charge me up the wazoo for thier advice(i know you get what you pay for and great advice is worth a million to me be i dont have alot to start off with just ambition and drive and maybe a 50/50 split for the deals i do . i figure that the price of learning . i have no problem paying my dues )
but how do i know if i pay for advise from one of these web sites who claim to know it all.it just not advice about deals with leases (which are fine but i am about to transfer to another duty station, but i wanted to capitalize on the fast moving s.f. bay area market beore i leave to walk away with a little something if possible when i leave)

all i need is some to say yes i have 5 buyers lined up with at least 20,000 to put down and a broker to help them get the loan.

thanks for your time ::slight_smile:
this web site has been a great resource to me i see many other beginners asking the same question that i have

2

It seems that you are acting as a broker instead of an tenant/buyer with the rights to assign or sell the contract.

Check with your local RE attorney about this. Don’t know all the rules and laws but just letting you know to be careful.

Now there is a technique called Pure Option. Its a option to purchase absent a lease. It works great for wholesale deals. The price is locked for specific time period and you could excercise the option or assing the deal.

Works great if you have a seller who needs to cash out and is willing to give you an undermarket deal. Take this deal and assign the contract and get a assignment fee!

To your success,

Diana Fontanez

3

yes thats what i was trying to find out

thanks you so much

a pure option is what i was trying to do

thanks again for your time

4

My pleasure!

To your success,

Diana Fontanez