World Famous Comics: How to Make Money With Real Estate Options: Low-Cost, Low-Risk, High-Profit Strategies for Controlling Undervalued Property....Without the Burdens of Ownership!
How to Make Money With Real Estate Options: Low-Cost, Low-Risk, High-Profit Strategies for Controlling Undervalued Property....Without the Burdens of Ownership!
By: Thomas Lucier Publisher: Wiley Average Rating: Binding: Paperback Label: Wiley Number of Items: 1 Number of Pages: 264 Publication Date: February 04, 2005
Product Description: Spend like a miser, profit like a mogul
Who says you have to spend money to make money?Savvy real estate investors follow the examples of Donald Trump and Walt Disney, turning substantial profits on properties without incurring the debt, risk, and maintenance costs of ownership--and now, so can you!
In How to Make Money with Real Estate Options, real estate expert Thomas Lucier introduces you to the low-risk, high-yield investment vehicle that can earn big bucks even for small investors. Lucier explains what real estate options are, how they work, and why they are the tools of choice for thousands of successful investors. Step by step, he shows you how to: * Locate potential option properties using the Internet, want ads, and "bird-dogs" * Contact and negotiate with property owners * Perform due diligence and avoid options pitfalls * Prepare an option agreement that protects you * Insure real estate options with title insurance * Package and sell optioned properties for optimum profits
Packed with no-nonsense advice on how to identify the most profitable properties and manage every step of the option process, How to Make Money with Real Estate Options is a practical guide to one of the secret weapons of savvy investors.
Good author, not some of his best work I don't know, I thought this seemed like a great idea. And maybe in some markets it is. In Philadelphia, it's different from the authors home of Florida and I just didn't get anything out of reading this book. When he says options are a little known used RE tool, he ain't lying! After reading Mr. Lucier's book I realized that this was a concept that was completely impractical for me. Some of his stories about finding warehouses that sat vacant for years, cleaning the floor and a coat of pain and voila! $25000 profit, well, they just seem totally out there to me. If you think you can make a go of it, yes, it takes little money but this concept is seldom used and not going to work in many places.
This Book Really Will Teach You How to Make Money -- Buy It! I've heard good things about Thomas Lucier's books, so I approached this one with high expectations and he didn't let me down. He illuminates the argument for this powerful investing tool -- namely, real estate options.
Good even for beginners, Lucier starts with a basic introduction to real estate option investing before moving on to the details. I especially liked the chapter on how you can use options to profit from problem properties that other investors might shy away from -- knowing how to put deals together where other investors can't or won't can give you a leg up on the competition in a time when I'll take what I can get.
In the spirit of full disclosure, I should say that I am an attorney, real estate broker, investor, trainer, and author of another unique and highly readable book on real estate investing that can also be found here on Amazon -- The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording.
Lucier has written an informative book that's worthy of your time. Buy it if you are serious about making a success of real estate investing.
Great instructive book This book is exactly what I was looking for. I was interested in getting started in buying and selling real estate options and this book gets to the heart of it. There are a multitude of great suggestions, tips, and instruction. I would be lost without it. There are even sample forms. Worth twice the price!!
Unique but Highly Profitable Real Estate Investment Strategy Real estate options are a very little used tool in the business, possibly because many people confuse them with land contracts. RE Options are nothing like land contracts, in a land contract you are obligated to buy. In an option you have the option of purchasing at a preset price. A number of examples are given and this is a well written book for people who have never attempted this. I recommend this book to all RE investors and Realtors.
Bad writing style Like Lucier's other book on finding preforeclosure properties, this book on real estate options, while full of useful information, is so hard to read because of the terrible writing style that it is hard to recommend very strongly. His uneducated writing style causes me to wonder if he really knows what he is talking about. Prepare to be educated by torture if you choose to read this book.
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