How to Use Real Estate Options to Control Undervalued Property: Everything You Need To Know About Real Estate Options: What They Are, How They Work ... Report (Special Report Publications, Llc).) [Spiral-bound]

Thomas J. Lucier (Author)

Book Description

Series: Special Report (Special Report Publications, Llc). | Publication Date: February 2002

How To Use Real Estate Options To Control Undervalued Property is currently the only publication of its kind in print that focuses exclusively on how savvy investors can use "straight or naked" real estate options to control undervalued properties with immediate resale profit potential!

Other than to give you a detailed explanation of the difference between a "straight" real estate option agreement, and a "genuine" lease-option agreement, this special report doesn’t delve into the more popular "lease-option" strategy that everyone and his brother has written about in recent years.

How To Use Real Estate Options To Control Undervalued Property is a one-of-a-kind special report written specifically for serious, reasonable, rational, intelligent, goal-driven, action-oriented, reality-based adults willing to take calculated risks to use straight real estate options to profit from various types of undervalued properties.

This special report contains very specific, detailed information, complete step-by-step instructions and ready-to-use checklists, worksheets, sample agreements and letters. You also get a heavy dose of practical, no-nonsense advice on how to avoid the pitfalls that plague most uninformed and unsuspecting novice real estate option investors.

In How To Use Real Estate Options To Control Undervalued Property, you’ll get the lowdown on:

1. Why all title transfer documents must be held in escrow during the option period.
2. The difference between a "straight" real estate option agreement and a "genuine" lease-option agreement.
3. How to insure real estate options with title insurance.
4. The most profitable types of properties to buy real estate options on.
5. How to perform due diligence on potential option properties.
6. How To use the Internet, property wanted ads, "bird-dogs," finder’s fees and direct mail to locate potential option properties.
7. How to make money in real estate without ever having to buy any property.
8. How to negotiate low cost real estate options and below market purchase prices.
9. How to properly prepare your real estate option agreement so that your position as optionee is fully protected during the option period.
10. How to package, market and sell your real estate options for maximum profit.

The main benefit of using straight real estate options is that they give investors the controlling interest in undervalued properties, without having to incur the cost, liability and responsibility that go along with outright ownership. They provide the opportunity to make money in real estate without ever having to buy any property!

When properly used on the right types of undervalued properties, straight real estate options provide an excellent low-cost, low-risk, high-profit potential property control technique that knowledgeable, savvy investors should add to their repertoire of real estate investment strategies.

Please be forewarned that this special report contains certain four-letter words and concepts that may be deemed offensive by card-carrying members of the get-rich-quick crowd!

That’s because, unlike the roving weekend real estate carnies, late-night, cable-TV hucksters, Internet real estate whiz kids, and a certain Harvard Business School graduate posing as a "real estate savant," the author, Tom Lucier, doesn't claim to know-it-all, and you’ll never hear Tom promise to make you a real estate option millionaire by the third Thursday of the month!

Editorial Reviews

From the Publisher

This is the only book currently in print on the subject of "straight" real estate options!

About the Author

Thomas J. Lucier is the President and CEO of Home Equities Corp, a privately held Florida Corporation established in 1995, that specializes in the purchase, fast-turnaround and resale of small residential rental properties in the Tampa Bay Area.

Mr. Lucier has owned residential and commercial rental property in the Tampa Bay Area since 1980, when he bought his first two rental houses while stationed in the Federal Republic of Germany with the United States Army.

Tom holds an active Florida Mortgage Broker License.

No "Johnny-come-lately" to the real estate investment information and advice business, Tom is the author of How To Buy Used And Bruised Houses For Fast Profits, The Smart Investor's Guide To Distressed Property and How to Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps.

Mr. Lucier was the editor and publisher of Distressed Property Investor's Monthly, an eight-page newsletter that focused on the purchase, turnaround and resale of distressed property. Distressed Property Investor's Monthly later became a monthly feature in Creative Real Estate Magazine, where Tom was an associate editor.

In the early 1990s, Tom's weekly real estate investment advice column, Tricks Of The Trade, ran in newspapers in Philadelphia, Seattle, Charlotte, San Francisco, Cleveland, Oakland, Jacksonville, San Diego and Los Angeles.

Tom is an active member of the National Association Of Real Estate Editors.

Tom is also a member of the Real Estate Educators Association.

Mr. Lucier graduated Cum Laude from the University of South Florida in Tampa, Florida with a Bachelor of Arts Degree.

Tom Lucier's irreverent, no-nonsense, politically-incorrect writing style, and dry New England sense of humor provides a refreshing respite from the dry, dull, boring pap being peddled by most publishers today!

Product Details

• Spiral-bound: 78 pages
• Publisher: Special Report Pub Llc; 1st edition (February 2002)
• Language: English
• ISBN-10: 0945343086
• ISBN-13: 978-0945343080
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #4,032,605 in Books (See Top 100 in Books)

More About the Author

I've been very lucky in life. I've found something that I have a real passion for, and that I am fairly good at, real estate. And in spite of the fact that I am a one-fingered typist and left-handed too boot, I've written seven books on real estate investing and managing Florida residential rental property. My book, The Pre-Foreclosure Property Investor's Kit, is the all-time best-selling foreclosure book, with over 107,000 copies sold since December 27, 2004! As an author, I am most proud of the fact that hundreds, if not thousands of real estate investors worldwide, have used the detailed information and no-bullspit advice in my books, to earn millions of dollars collectively!

My books aren't intended for the get-rich-quick-in-real estate crowd. I'm well known for my trademark plain-English, straightforward, right-to-the-point writing style, that cuts through the bullspit and tells readers as it really is. My books appeal to rational, reasonable, intelligent, goal-driven, reality-based and action-oriented adults, who are willing to take calculated risks in order to profit from the many money-making opportunities that real estate provides! And in all of my books, I've done something that ninety-nine percent of all book authors are scared to do, I have listed my direct e-mail address and invited readers to contact me.

In today's Digital Age, the author who provides his readers with the best information wins! And I must be winning, because readers from all around the globe are constantly telling me that they find my irreverent, right-to-the-point, no-bullspit, politically-incorrect writing style and self-deprecating sense of humor, to be a refreshing respite from the dull, boring and poorly written pap, that's being peddled by most real estate writers, authors, bloggers and book publishers today.

I'm open for business 24/7, 365 days a year at my Web site, Avoid Bad Realtors, that's located on the World Wide Web at www.avoidbadrealtors.com. My books are available for purchase throughout the English Speaking World! And I've met some really cool people from the four corners of the Globe! But, best of all, I can sit bare-chested and barefooted in the privacy of my home office, and never have to worry about getting a 'memo' from some pencil neck geek in personnel!

Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

5.0 out of 5 stars Super Book for Those Looking For A Niche In Real Estate, April 10, 2003

By 

"smoothie24" (Oceanside, CA United States) - See all my reviews

This review is from: How to Use Real Estate Options to Control Undervalued Property: Everything You Need To Know About Real Estate Options: What They Are, How They Work ... Report (Special Report Publications, Llc).) (Spiral-bound)

This is a super book for investors that are looking for a truly profitable but underutilized technique that almost all real estate investors overlook. That is, creating a straight option to buy real estate from a seller, and then turning around and selling that option to an end buyer for a profit. The book talks about making money by controlling properties, not owning them, through real estate options. This is a brilliant idea that I know my competitors know nothing about. This is the ultimate tool in your real estate investment tool chest. I wish I read this book before I did my first option agreement. I would have avoided some of the mistakes that I made. But even with the mistakes, I still made a tidy profit. So I know it works. I found at least 10 new ideas that I will incorporate into my future real estate option deals. If you are or plan to be a serious real estate investor, you need to have this book in your library. I highly recommend this book.

5.0 out of 5 stars No Nonsense Approach, February 22, 2005

By 

M. P. Cheesman - See all my reviews
(REAL NAME)   

This review is from: How to Use Real Estate Options to Control Undervalued Property: Everything You Need To Know About Real Estate Options: What They Are, How They Work ... Report (Special Report Publications, Llc).) (Spiral-bound)

This book is very refreshing and brings home the reality of property investing using options that other books don't mention.
Good Job