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Writer's pictureGillie Barlow

5 Option Mistakes

  1. Feel they have to take on an option even if it’s in the wrong place

  2. Not understanding how to find them 

  3. Explain them wrong

  4. Take on property that needs too much spent on it without assuming the worst case scenario which is that they walk away at the end of the option period and loose all the money put into it 

  5. When explaining the strategy to the vendor they say what they can offer as a monthly fee, instead of asking the vendor what they would like

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