All Forum Posts by: Ari Bauer

Take all of it. With the rates being where they are right now between 3-5%, it would make sense to take as much money out as you can before the rates increase.

Albert,

A real estate purchase option is a contract that allows you to have the exclusive right to buy a specific piece property.

  Once you have an option to purchase the property, the seller can't sell the property to anyone else and if you chose to exercise the option the seller must sell it to you.

The option should include a predetermined purchase price as well as a time period that it is valid.

The buyer usually pays for the option, so consider the amount you would pay for the option and reduce the purchase price accordingly.

 If the owner of the option doesn’t buy within the specified time frame, the seller keeps the money used to buy the option.

If you have any questions feel free to send me a message.

To answer #3, you can use an option to tie up the property at a specific price so that you can buy it in six months and not have to worry that they will either not want to sell it or want more money.