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Updated almost 11 years ago on . Most recent reply

User Stats

39
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24
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Jonathan Loynaz
  • Miami, FL
24
Votes |
39
Posts

Options or "retailing"

Jonathan Loynaz
  • Miami, FL
Posted

Hey BPers,

I'm currently reading a book called, "How To Be A Quick Turn Real Estate Millionaire" by Ron LeGrand. In the book he explains about wholesaling and rehabbing but it seems his main focus is options, retailing, and lease options. From what I understand, he goes out and markets to "pretty houses" then gets a seller to deed him the house for lets says, whatever the seller owes, then goes out and finds a buyer to purchase it at market value and takes the spread of the deal for himself. 

Am I understanding it correctly? It seems like there's less hassle and more profit then find ugly houses to wholesale. I just want to understand different strategies just in case a deal like that comes my way. 

Thanks guys!

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