Posted by: The King ®
01/07/2003, 10:07:23
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Xenia.
I am not positive what the writer means by "mandatory option technique." The fact is: This King has uttered and written many briliant strategies over the years; so many in fact, that I have forgotten more than most will ever know. To attempt to answer your question however, I DO take "option money," thereby selling "options" for all kinds of obscure reasons, exempli gratia:
Options to renew.
Options to extend.
Opionss to cancel.
Options to subsititue collateral.
Options to prepay payments at a discount.
Options to prepay principal at a discount.
Options to miss a payment.
Options to make extra payments.
Options to have no rental increases.
First right of refusal options.
Options to buy.
Options to not buy.
Options to option. The list goes on ad nauseum, but I think you get the idea. But clearly, I like accomplishing all kinds of real estate things with "options." I like selling options for money. I like creating things that are not covered in the mainstream. This is one of the reasons "options" are the favorite tool (out of the vast array) in this King's box. Stay tuned. This King has more moves than a can of worms. The King
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