Don King's secret to success with the "Rumble in the Jungle!"

Originally Posted by sandalwood

Dien,

Like I said awhile ago, options are great. But, like any other investment, you should understand the animal who's tail you are attempting to pull.

Here's my piece of advice to folks who aren't familiar with them: go to your local library and read every book on real estate options they have. Not the whole book just the chapter or two on options.

You'll be surprised at the number of "tails" on that animal. Yeah, I know actually reading a book, ugh! who wants to do that???

Here's a place where you just may be able to buy a complete real estate course for next to nothing: Your local Thrift Store's book section. Yep, you still have to read it.

Good points, Tom.

The local law library is a good place to find case law, with
regards to real estate options. Also, to find out if they are
legal or not in your area.

Keeping the agreement as simple as possible is a good idea.

I use a local attorney for drafting the actual document and
memorandum. Don't want to look too smart, if we ever have
to talk to a lawyer or judge about the agreement.