Cracking the Code to Big Fat Checks

Toby Lynn

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 2 votes

The Real Estate business has really helped me to take care of all my financial needs.

The secrets that I learned and continue to teach you have made hundreds of thousands in profits for me and my students.

I believe that the secret to true wealth lies in the thinking small.

That is how I grew my business and that is how I want you to grow yours.

However, there will come a time when you will get a call from someone who has a Multi-Million dollar property for sale and you are not sure how you can help the seller.

You can take title to the property Subject-To the existing mortgage. But how will you make the payments if you need to some time in the future?

You can put the house under contract and hope to find a buyer withing 2-3 months. But do you have anyone on your buyers list who can afford it?

You can find a private lender who will put up the money to buy the house. Can you imagine the interest that would accumulate on a million dollar house?

What option do you have? (No pun intended)

You guessed it. Option it!

Did you know you can actually put an OPTION contract on a multi-million dollar house and sell it?

Yes, you can actually profit on a house that you never even owned.

Sound familiar?

Kinda like wholesaling but with much bigger profits.

I talk about this in more detail in my new book that will be out this spring.

It is simple. . . . . really.

You use an Option To Purchase contract that looks identical to a Standard Purchase and Sale Agreement.

This agreement gives you the authority to market and sell this house during the option period and keep the profits.

Here is a good example from a good friend of mine:

- House is worth $6.5 Million.

- Seller agrees to sell on an option to my friend for $2.8M

- My friend options for one month and sells at auction for $5.2 Million.

The seller got his $2.8 Million.

The buyer gets instant equity of $1.3 Million when he buys it for $5.2 Million.

Win - Win - Win.

My friend walks away with a check for $2.4 Million profit.

All of this without ever owning the property.

Sound easy?

It is.

Your friend,

Toby Lynn

P. S. Oh yeah, I forgot to mention, my friend put up $100 as an earnest money deposit for the option. Not quite No Money Down, but in his case, with an extra $2.4 Million in his pocket, do you really think he cares?

Toby Lynn

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