Power of Pure Options 2-day Event
~ $647/Attend in person
~ $347 Bring a Friend
Early Bird Special ends May 15th
Hurry and save $mucho dinero$!
The Pure Options Party by the Pool on Friday night, May 20th from
6pm - til......
Come network with your fellow investors. Meet new friends and greet old ones.
Come early ~
Bill and Kim will buy your first drink!
$Cash Bar$ on site.
Marriott Tampa Westshore ~ Poolside
Bill Cook's Favorite Option Deal
When asked about my favorite Option Deal, one Pure Option transaction stands out above all the rest.
This deal goes back to 2010. We were in the heart of the Great Recession. Foreclosures were occurring by the thousands, and banks were falling like dominoes. Fear kept most investors on the sideline.
At the foreclosure auction, Kim and I were top bidders for a property at $140,001. This same home had sold in 2006 for $525,000. The home needed a shave-and-a-haircut, $30,000 rehab. Our total all-in cost was $170,000.
After completing a three-week rehab, we put this house on the market at $265,000. The open house was packed with lookie-loos and potential buyers. Within an hour or two, we were excited to receive two full-priced offers. Both buyers were at the open house represented by their respective
realtors.
As I sat in the kitchen, I noticed a young couple in their early 30's at the open house. They looked nervous and out of place, as if they couldn't afford to buy such a grand home.
Speaking with them, I learned they lived about 20 minutes away. However, her parents lived two doors down from our sale property. The parents regularly babysat the young couples two children. The twenty minute drive (each way) had created a need for the two families to live closer to
each other.
The young couple qualified for a $175,000 mortgage. They loved our house but knew, at $265,000, there was no way they could afford it.
I asked if her parents were home. After getting confirmation, I said, "I'd like to meet them." Off we went.
NOTE: Kim did not like the fact that we had TWO full-priced offers on the table, and I was leaving the open house with this nice young couple to go somewhere.
At the parent's house, we sat at the kitchen table. They told me how important it was for them to live closer to each other. I liked the father very much. We were of similar ages and backgrounds.
I asked, "What if your daughter and son-in-law could buy our house for just $170,000?"
The father leaned forward and asked, "Why would you sell them such a nice house for way under market value?"
I answered, "I think your daughter would be a perfect fit for this house. It makes sense."
He asked, "What's the catch?"
I replied, "At closing, I want the right to buy the property back from your daughter at any time in the next twenty years for $170,000."
The dad turned to his daughter and told her that this was a bad deal. He said, rightfully so, that I would capture all the property's appreciation over the next 20 years. My offer didn't make sound financial sense for the young couple.
Looking at the dad, I said, "On one hand, you are absolutely correct." Then I took out my financial calculator, laid it on the table and said, "If you look on my 10bii, you'll see there is no 'FEELS GOOD' key. Have you given any thought to what it will FEEL like to have your two grandkids living two doors
away? Every day, when they get off the school bus and come into your home, have you considered how much of an impact you can have on their lives?"
And then I shut up.
After a minute, the dad turned to his daughter and said, "Take the deal, honey."
Today, this property is worth about $625,000. Our Pure Option strike price is $170,000. That makes this Pure Option's value $455,000 ($625,000 - $170,000 = $455,000).
What happens next with this deal? You've got to be at The Power of Pure Options seminar on May 21st & 22nd, 2022 to find out! Oh,.....teaser!
Why is Pure Options a Must Attend Course?
Were you around during the 2008-2009 downfall? We had a crazy economy with even crazier real estate prices, right?
Did you survive it? With education and a 'by-gosh' determination, we did! Reckon we're in for it again? Are you prepared this time?
For more than 20 years, Bill Cook has used Pure Options to make impossible deals possible. Bill learned Options from
the very best ~ Jack Miller and Pete Fortunato. Bill is eager to take this baton and continue teaching the Power of Pure Options to real estate investors across the country!
Join us for this incredible 2-day Options Event and let Bill Cook help catapult you lightyears ahead of your competition!
The knowledge you will gain after spending the weekend with Bill will help you learn how to talk with sellers and structure deals that will leave your competition scratching their heads and saying "What the heck?!"
In-Person Class ONLY!
Because the Options structures we teach are so advanced, The Power of Pure Options Seminar is an in-person class ONLY. You won't find it on YouTube. It won't be recorded. If you want to attend this gotta-be-there Event, then click here to REGISTER!
May 21st & 22nd, 2022
Marriott Tampa Westshore
Tampa, Florida
You and I know that, in this crazy market we are experiencing, Opportunities will arise on every street corner, if
you know how to structure an Option.
Have you ever used a Pure Option when making creative written offers? Heck, have you even heard of Pure Options? We're not talking 'lease options' here. We're talking Pure Options.
Pure Options are one of the most powerful deal structuring tools in real estate investing, yet most investors don't know
how to use them. The best part is, your competition has no clue what they are or how they work. So get a jump on them! Don't charge forward in this crazy economy without this incredible tool in your toolbelt!
Pure Options allow you to stick your foot in the door. Pure Options allow you to solve a homeowners' real estate
problem, even when they might not want to sell their house right now. What? That's a thing? Then how do I make money, you ask?
Ahhh, let Bill show you!......
During the 2-day Options Event You'll
Learn:
- What is a Pure Option and what makes them so powerful?
- The important paperwork used to secure an Option.
- How you can sell a house for well below market value and still capture all the appreciation!
- How an Option can be structured so it captures both appreciation and amortization in a deal!
- How an Option can be used to cut yourself into a deal, even when you don't want the property!
- Must an Option consideration only be cash? Hint: NO!
- If cash is used as an Option consideration, when is it subject to taxation?
- Why is holding an Option so much safer than holding title?
- When you hold an Option, what are the ways you can be paid?
- How to protect your Option from getting passed over by title searchers (Deed Dogs).
- The difference between Strategic Options, Tactical Options, Magic Options, Buy-back Options, and Asset Protection Options.
These and so many other questions answered during this 2-day Event!
What types of Options will Bill discuss in
class?
- Strategic Options
- Tactical Options
- Magic Options
- Buy Back Options
- Extension Options
- Interest Options
- Asset Protection Options
What is a Pure Option?
Most real estate investors only experience with Options is when an Option is used with a Lease Agreement. Most mistakenly believe
'lease option' is a single deal-structuring tool. Wrong!
Correctly stated, it is a lease with an option to purchase within a pre-agreed-to time frame. Each deal structuring tool captures
a different benefit. The Lease captures USE. The Option captures the right to PURCHASE.
We call it a Pure Option when the Option is used by itself - not in combination with a Lease Agreement.
What You Will Receive at the Options Seminar:
- A detailed manual that explains what a Pure Option is and how it works.
- The documentation you need to do a Pure Option, as well as secure it to the target property.
- Examples of real-world Pure Options
- A 100% money back guarantee if the seminar was not worth your valuable time.
May 21st & 22nd, 2022
Marriott Tampa
Westshore
Tampa,
Florida
$647 ~ Attend in
Person
$347 ~ Bring a
friend!
(Early Bird ends Sunday, May 15th)
