ilmscore | Prediction Details
"what an option is it gives you the ability to pay a fixed price or a variable price for a piece of real estate in the future the lease is exactly what it is most states will allow you to sign a contract called a master lease some states say it's like a commercial lease that gives you unlimited ability to control a property you can almost burn the place down if it's allowed for in the contract but it also requires that you pay the mortgage it makes you pay the taxes insurance and everything like that so what I did on this property was I got the owner to sign a master lease with an option I gave him two 150 dollars down as a option fee"
By Investment Joy | December 4, 2019 | Pending
From video
Real estate investing with no money - How I bought 3 rentals for only $250! 00:07:52 - 00:08:45
Interpreted Prediction
The speaker outlines a master lease with an option strategy, where the lessee gains significant control over a property while being responsible for mortgage, taxes, and insurance, with an initial option fee of $250.

Prediction Details

Topic
Real Estate Investment

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