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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Options Posted by Rick, the Probate Guy on June 10, 2009 at 10:37 PM In Reply to: Tenant Buyer Strategy posted by Monrovia Dave on June 10, 2009 at 11:48 AM Unless you really have you're plan in place, marketing budget, mail pieces, documents ready to fill out and have signed, then I'd hold off a bit. Are you ready to pull the trigger right this moment? My guess is you aren't because people who post what they intend to do here often never get around to doing it, despite getting lots of feedback from the regular cast. If you're all ready to go then let us know what happens. If not, I suggest that you step back for a moment and think thru what you are really trying to accomplish. If all you're doing is putting seller and buyer together, in CA that's a licensed activity. If you have an equitible interest in an asset, such as that obtained by paying for an option to purchase real property for terms certain, then you are now a principal, and as such, can turn around and sell your option, trade it, or find an end-buyer and let them pay you thru escrow. All of this takes good documentation and you really need to understand the legal aspects and ramification(s) of any transaction that you anticipate engaging in. There's good money in options, especially long-term strategic options. I got a call from Jack Miller earlier tonight (from out of the blue) which couldn't have come at a better time for me. We talked options for twenty minutes. I get excited just thinking about how much I've made in the past and how much more I'll probably do in the next few years in option income. Jack used options as the first "break-out" play that turned him from a so-so, starving agent to a wealthy investor some forty years ago. He did the talking and I did the listening. Who else is going to Reno next month for the Options seminar? Follow Ups: Re: Options monicaCA 11:53 PM, 06/10/09 (0) Re: Options MonroviaDave 11:27 PM, 06/10/09 (1) Re: Options Rick, the Probate Guy 7:18 AM, 06/11/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Unless you really have you're plan in place, marketing budget, mail pieces, documents ready to fill out and have signed, then I'd hold off a bit. : Are you ready to pull the trigger right this moment? My guess is you aren't because people who post what they intend to do here often never get around to doing it, despite getting lots of feedback from the regular cast. : If you're all ready to go then let us know what happens. : If not, I suggest that you step back for a moment and think thru what you are really trying to accomplish. If all you're doing is putting seller and buyer together, in CA that's a licensed activity. : If you have an equitible interest in an asset, such as that obtained by paying for an option to purchase real property for terms certain, then you are now a principal, and as such, can turn around and sell your option, trade it, or find an end-buyer and let them pay you thru escrow. : All of this takes good documentation and you really need to understand the legal aspects and ramification(s) of any transaction that you anticipate engaging in. : There's good money in options, especially long-term strategic options. : I got a call from Jack Miller earlier tonight (from out of the blue) which couldn't have come at a better time for me. We talked options for twenty minutes. I get excited just thinking about how much I've made in the past and how much more I'll probably do in the next few years in option income. : Jack used options as the first "break-out" play that turned him from a so-so, starving agent to a wealthy investor some forty years ago. He did the talking and I did the listening. : Who else is going to Reno next month for the Options seminar? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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