Last fall I attend a financial seminar. Here are some of my notes. I hope they can be of use.

–          Lease: right of enjoyment of some object.

–          Option: is a contract to purchase a piece of real estate with specific terms within a certain period of time. The owner has the right to exercise the option, but does not have to.

–          Lease option: is controlling a piece of real estate and also means rent to own. If you set up an ad for rent to own opportunity and 10 people respond that have all those 10 people meet together at the same time, and it can create a feeding frenzy and you can find out of the group who has the resources to buy the property. You also keep track of the nine others who were interested because this is the buyers list for other possibilities.

–          Is a type of option agreement. Is agreement to purchase property in the future. In the meantime, you’re renting, leasing the property. A certain portion of the payment goes as a credit toward the payment.

–          Option does a good deal because tenants take care of the property. You can build expenses of the purchase into the lease agreement. 50% of the people do not exercise the option so the money paid down is yours.. You will offer the person who wants to lease a fair market value of the rent plus $1-$200 extra a month. Tenant check.com is a website where you can check people’s credit scores

–          Check out your credit score.

–          Government is planning to take people’s retirement and group it into one account so they can take advantage of all the money. They will then promise 3% income. If you don’t agree, which is your choice and you won’t have access to. So security or Medicare.

–          Google generate retirement accounts. To learn more about this.

–          Book: the creature from Jack Kyle Island, talks about retirement or investment information.

Have advice to add to the list? Please feel free to do so in the comment section of this blog.