RESOURCE LIBRARY
1. Conti, Peter, and Finkel, David Making Big Money Investing in Real Estate Dearborn Financial Publishing, Inc., Chicago, IL, 2002 2. Gardiner, Richard R., and Macy, Linda S., J.D. Creating Wealth With Options Impact Publishing Co., San Ramon, CA, 1984
3. Ham, Bill
Creative Cash Jake & Gino Presents, 2021
4. Little, James F., MBA, CCIM Lease-Options in Today’s Real Estate Market Self-Published, 1991, 1995 5. Lucier, Thomas J. How to Make Money With Real Estate Options John Wiley & Sons, Hoboken, NJ, 2005 6. Lowry, Albert Make Money Through Lease Options The Lowry Group, Copyright 1984 est. 7. Patton, Wendy Investing in Real Estate With Lease- Options and Subject-To Deals John Wiley & Sons, Inc., Hoboken NJ, 2005 8. Pellerin, Jim Real Estate Investing With Lease-Options
2 In order to maintain a clear title, obtain a quitclaim deed any time the option is not exercised.
MOVING FORWARD Coaches are teaching that lease op- tions are good for three or four “paydays”: 1 The initial “option consideration” 2 Monthly cash flow 3 Loan principal paydown 4 Profit upon the sale Several coaches have expensive pro- grams. One is $100,000 at the top level; another is $60,000, but they say they do it all for you. Then, there’s a partnership possibility in which you find the deal, the partner provides some funds, and they get half of your deal. Purchase a few books, get familiar with your options, and then pursue coaching if you want. Insist on value for your “tuition.” •
MASTER LEASE-OPTION This method applies primarily to commercial rehabilitation projects, including apartment properties. The idea is to find a building that has “gotten away from” its owner, has become rundown, and has vacancies that aren’t being filled. The purchaser negotiates a “master lease” with the owner to take over rehabbing and re-tenanting of the building. The agreement also includes an option to purchase the property before an agreed-upon future date when financing the purchase is more likely to succeed. Since the present owner is obviously short of funds, the purchaser will need to fund the project and receive a lower price or credit toward the purchase—or both. It is best to have a real estate attorney draw up these agreements.
Realty Investment Seminars& Education, Self-Published, 2019
9. Prefontaine, Chris Real Estate on Your Terms, Revised Edition Advantage, Charleston, SC, 2020
10. Prefontaine, Chris Deal Structure Overtime Wicked Smart Books, 2021
11. Price, Oliver Ray High Leverage Real Estate Investments Prentice-Hall, Inc., Englewood Cliffs, NJ, 1978
Bruce Kellogg has been a real estate agent and investor in California for 44 years. He has purchased approximately 350 investment properties for himself,
mostly with high-leverage and tax-deferred exchanges. In the process, he made three fortunes and has experienced three real estate downturns since 1980. Kellogg has transacted roughly 550 properties for clients, creating fortunes for several. His book “Real Estate Investing Wisdom” is current- ly in publication. He can be reached at Brucekellogg10@gmail.com or (408) 489-0131.
12. Schaub, John Lease-Options
Pro-Serve Corp., Sarasota, FL, 1987
thinkrealty . com | 43
Made with FlippingBook Online newsletter