What a costly mistake we made back then. But we won't make it again! Thanks to the Power of Options!

Published: Tue, 12/05/23

What a costly $217,300 Mistake!

Kim and I LOST $217,300 because we FAILED to do an Option deal. Mercy, what a costly mistake!

It still makes me bang my head against the wall.

I recently spoke with an investor who said, "Bill, the early-bird special of $597 for your Power of Options Seminar is pretty steep."

"Maybe so," I replied, "but have you considered the amount of money you'll lose if you're NOT in the ballroom or on the zoom call on February 3rd & 4th?"

Here's how Kim and I lost $217,300 because we failed to use an Option on a single deal.

In February 2011, Kim and I were working foreclosures in Adairsville, Georgia. A target property we found was on Adairsville Pleasant Valley Road. The borrowers owed over $100,000. The house was vacant. We couldn't find the owners.

We loved the house and wanted to buy and keep it as a rental. The problem: The fair market value was only $85,000 - way below the loan balance, plus it needed an $8,300 rehab.

Kim called the lender and began working the lender's top bid. She successfully helped the lender understand their sale number was way too high. They lowered their opening bid price to about $57,000. Kim and I were the only investors with this information!

At the same time, a friend of mine (we'll call her K.K.) told me she was going through a divorce, needed a nice home, but couldn't pay more than $80,000. She had two young kids. I knew this foreclosure property would be perfect for them.

I promised to help K.K. buy the property at the March 3, 2011, foreclosure auction.

IMPORTANT: Without our help, there was no way K.K. would have known about, or known how to buy this property. To boot, in helping K.K., Kim and I would be giving up a great investment property.

There was an incredible deal structuring tool in my toolbox that I failed to use. MY mistake COST us $217,300!

At the March 3rd, 2011, Bartow County foreclosure auction, K.K. was the top bidder at only $57,700. Incredible deal, right?

What did Kim and I get? Nothing, nada, goose egg. Not even a thank you card.

How should this deal have been creatively structured? Because K.K. was able to buy a great house at way below market due to our effort and know how, we should have gotten a Pure Option to buy this property from K.K. at any time over the next 30 years for K.K.'s purchase price of $57,700.

Would K.K. have agreed to this? Absolutely! Why? Her other choice was to not own this beautiful home and instead be our tenant and paying ever-increasing rent.

Today, this home is worth about $275,000. By not securing an Option on this deal, I made a $217,300 mistake ($275,000 FMV - $57,700 purchase price = $217,300)

How would YOU feel if YOU made this mistake? Do YOU think knowing how to do Options would be a valuable deal-structuring tool?

Understand, you are paying for February's Power of Options Seminar whether you attend or not. If you're not there, your cost could be hundreds of thousands of dollars in missed deals. Do YOU think it would be idiotic to repeat MY stupid mistake?

Options are one of the least understood and least used deal structuring tools in real estate. We look forward to seeing you live in person in Tampa, Florida or via Zoom at the Power of Options Seminar on February 3rd & 4th, 2024. Can't make that date? Don't worry, the class will be recorded, so you can listen/watch at your convenience!

Time is running short. Our Power of Options two-day seminar is fast approaching ~ February 3rd & 4th, 2024. Early-bird pricing ends on January 19th.

Think of all the deals you'll be able to do IF the Option tool is in your creative deal structuring toolbox!

Come join us in sunny Tampa, Florida at Bill Cook's 2-day

Power of Options Seminar

February 3rd & 4th, 2024

Live in Tampa, Florida or via Zoom

This course will be Recorded and all attendees will receive the Power of Options Manual, the Options Presentations, Documents, and the Recordings of the 2-day Event!

What's the old saying.....'The Early Bird gets the better worm' (or something like that). So let's do this thing.

~ $597 EARLY BIRD SPECIAL

~ $397/Invite a Friend

~ $397/Returning Options Seminar Attendees

This Event is normally $697, so register NOW and save some money!

Options are the most Powerful and most Versatile tool in Real Estate!

The Power of Options Seminar is on February 3rd & 4th. And February is probably brown and cold where you are, right?!

So throw some flip-flops in your suitcase and come join Bill and Kim in sunny, warm, happy Tampa, Florida. Or, be a recluse and join from the comfort of your own home!

Options are one of the least understood and least used deal structuring tools in real estate.

Think of all the deals you'll be able to do IF the Option tool is in your creative deal structuring toolbox!

Why is The Power of 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?

Options are the most powerful and most versatile tool in real estate. At the same time, Options are the least understood and least used deal structuring tool in real estate. Why, you ask? Beats me! Most investors only have one tool in their creative deal structuring tool box: The big damn hammer! Yep, the .70-cents-on-the-dollar-all-cash-offer hammer. Boring! And very limiting!

For more than 20 years, Bill Cook has used Options to make impossible deals possible. Bill learned Options from the very best ~ Jack Miller and Pete Fortunato. Bill eagerly accepted the challenge to continue teaching the Power of Options to real estate investors across the country!

Join us for this incredible 2-day Power of Options Seminar 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?!"

Live In Person at

Marriott Tampa Westshore

Tampa, Florida

(or via Zoom if you can't make the trip)

REGISTER NOW!

February 3rd & 4th, 2024

Why Attend The Power of Options Seminar?

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.

Most investors have heard of options and think options can only be used with leases....as if it's a single deal structuring tool. Truth is, a Lease Option is two separate creative deal structuring tools working together to make a single transaction work. The lease gives someone use of the property. And the Option gives someone the right to buy the property at some point in the future.

Here's what your competition doesn't know: An Option can be used by itself to create massive wealth! We call this a Pure Option.

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 Seminar You'll Learn:

What is an 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

How can I use an Option?

Options have many uses. For example:

Buy a property
Sell a property
Park a property
Protect a property
Help someone who DOESN'T want to sell their home
Help someone who needs money but can't get a loan
Help someone buy a property they can't possibly afford for a price they can easily afford
Sell a property and still keep the appreciation
Capture a property's appreciation and amortization on a property you don't yet own
Sell a property for a seller who doesn't want to use a realtor

You may be asking, "With so many uses, why haven't I heard about the Power of Options before?"

Well you are asking the wrong question, my friend. You should be asking yourself, "With so many uses, where do I go to learn how to use Options?"

At Bill Cook's The Power of Options Seminar, of course!

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.

REGISTER NOW!

Join us at the The Power of Options Seminar and be a part of something special! Bill's Options Seminar is full of content, full of real-world structures and situations that allow you to utilize Options. Learning how to structure Options will catapult you over your competition. And, you will need this knowledge to survive this crazy economy in the coming months! The deal-structures discussed are real deals and the documents and paperwork will be provided in the Manual.

Click here to REGISTER!

The Power of Options 2-day Event

~ $597 ~ Early Bird Special

~ $397/Invite a Friend

~ $397/Return Attendee (discount available to those who have taken our Power of Options Seminar in the past)

Our Guarantee:

We will not waste your time. If, for any reason, you feel The Power of Options Seminar was not worth your valuable time, we will gladly refund your money - no questions asked! We greatly appreciate your support and we guarantee that The Power of Options Seminar will give you the tools you need to thrive in the coming crazy economy!

Join us live in person or via Zoom for an incredible 2-day Event with one of the most experienced investors in the country – Bill Cook.

Bill will teach his 2-day Deal-Structuring Course, The Power of Options on February 3rd & 4th, 2024 The class will be recorded and all attendees will receive a link to watch at their convenience.

Don't delay......Sign up Today!

REGISTER NOW!

The Power of Options 2-day Seminar

Call Kim Cook at 770 815-8728 for more details or visit www.BillandKimCook.com to register online.

Bill & Kim Cook
(770) 815-8728

P.O Box 22
Adairsville Georgia 30103
USA

Unsubscribe | Change Subscriber Options