What is the Right Time to Play Option

As we have said, using a real estate option contract you can control property without buying it. You should think about using an option contract for the reasons we talked about in Chapter 18. To review, those reasons are to maintain privacy, protect your cash, have limited risk/high return, control property, buy time, assemble partners, watch the direction of the market, handle contingencies, procure financing, and do income tax planning.

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How to Play Option Correctly (5)

Seller Hereby Gives and Grants to Buyer and/or Assigns This is the place in the option contract where the owner becomes the seller, giving and granting to you, the buyer, and your assigns all the goodies. For a Period of____ Months from the Date Hereof This is where you get the 3, 6 , 9, 12 months, or more to control this property without having to buy it.

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