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How to buy a house for $1

Joined
24 December 2010
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http://www.businessmall.com.au/featured-items/how-to-buy-a-house-for-1.html

BS? Or would anyone actually consider buying this book?
 
You basically take advantage of the fact most dont know the current value or developed value of there house, or the price of an option over said house. you then offer them a sale price above what they want in exchange for time with an option (hence the $1). During this time you put together an plan to subdivide and sell the two for more than the purchase price but you sell them the option that is now worth the difference between your sale and purchase price having never had to buy the place only spending the da costs. if you cant turn a profit the option expires worthless and ma and pa get to keep the da, sound fair?

Your basically putting together a out of the money option and forcing it in the money through da. very hard to find properties this works for and even harder to find owners who will agree to the terms.
 
I just came across this thread.
I see there is scepticism when it comes to this.

Its actually very legitimate and done by many. There are lots of property people in Australia that use this as a method for selling/buying houses. I beleive Steve McKnight is one of the most famous Aussie property gurus.

I was sceptical as well at 1st but given im apparently like an Engineer LOL (I need to find out how everything works)
I did lots of research on the topic.
Its just a modernised way of transferring ownership of property in certain circumstances.

In case anyone is wondering, I dont actually do anything with property and just invest in stock markets etc.

Id post a link but it would be spamming I guess, but if anyones interested for ****s and giggles, PM me and I'll send you to a site for more info and how you may be able to see him in your capital city where he does a free preview.

I personally prefer the comfort of trading/investing where I dont need to rely on customers, 3rd parties etc.
 
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