teamplayer
May 12, 2015, 06:25 AM
Hi Diem.
That is something I thought about doing getting options on expensive vehicles.
There is virtually no risk, it looks like a no brainer! The only
thing that stopped me was that many people have never heard of
option contracts and how do I explain to a buyer that I am not
selling the vehicle but the option to buy the vehicle? But since Jim
Straw thinks it's a good idea maybe I should look into this!
I have also thought of getting options on houses, not bargain houses
just regular houses and if someone wants to buy I sell them my option.
Again, the problem is having to educate the seller and buyer.
The real estate book that I learned about this from, said people are
more familiar with options out West, but in the East they are less creative.
Anyway, if you have any more info on what Jim Straw mentioned
let us know. Thanks.
Trevor
Thanks Trevor,
That's an amazing post! Thanks for sharing that information!
I didn't know about the "hidden" option-to-buy in many rental contracts...
Wow, if you got one of those, and the amount in the option contract is less than the house value - it'd be like picking up money off the street!
Certainly options can be very powerful... It can give you control of something (for a limited time period, usually), without having to actually buy it, for a relatively small cost...
In one of his reports, Jim Straw talked about using options to buy and sell used industrial equipment. You'd take out an option-to-buy on the equipment (for a relatively small amount of money), then see if you could find a buyer. If you could find a buyer for a higher price than your option-to-buy, you quickly exercise your option, then sell it immediately for a very low-risk profit...!
Best wishes,
Dien
That is something I thought about doing getting options on expensive vehicles.
There is virtually no risk, it looks like a no brainer! The only
thing that stopped me was that many people have never heard of
option contracts and how do I explain to a buyer that I am not
selling the vehicle but the option to buy the vehicle? But since Jim
Straw thinks it's a good idea maybe I should look into this!
I have also thought of getting options on houses, not bargain houses
just regular houses and if someone wants to buy I sell them my option.
Again, the problem is having to educate the seller and buyer.
The real estate book that I learned about this from, said people are
more familiar with options out West, but in the East they are less creative.
Anyway, if you have any more info on what Jim Straw mentioned
let us know. Thanks.
Trevor
Thanks Trevor,
That's an amazing post! Thanks for sharing that information!
I didn't know about the "hidden" option-to-buy in many rental contracts...
Wow, if you got one of those, and the amount in the option contract is less than the house value - it'd be like picking up money off the street!
Certainly options can be very powerful... It can give you control of something (for a limited time period, usually), without having to actually buy it, for a relatively small cost...
In one of his reports, Jim Straw talked about using options to buy and sell used industrial equipment. You'd take out an option-to-buy on the equipment (for a relatively small amount of money), then see if you could find a buyer. If you could find a buyer for a higher price than your option-to-buy, you quickly exercise your option, then sell it immediately for a very low-risk profit...!
Best wishes,
Dien
