I mean, like a loan-shark... instant cash, higher rates, etc.What's the collateral on hard money?

The seller sold a house they had trouble selling and the buyer of your option and the house instantly gets $50,000 of equity from the house and of course you made your $50,000.In conclusion, as you can clearly see using the Lease Option and Option methods are creative ways that A Real Estate Investor or Entrepreneur can use to easily make money in real estate.

Am I wrong that even if I buy at ask, I'd be getting about $48,000 instant equity?

Basically, I would look for any debt holder (Including govt. agencies), any jurisdiction authorized to compel an action (HOA, City, County), and would attempt to educate/convince them as to the value of placing a lien that I would promise to instantly purchase.

Since you will be sending out mail monthly this will turn into a big cost savings.A post card instantly gets your info in front of your audience.

A good real estate investor who you could build instant rapport with due to similar interests.

I was almost instantly stopped by the thought of being realistic.

Frankly, my impression of the appraisal process is this: they glance at some comps, instantly decide what they think the value is, then groom all the numbers to support what they decided, doctoring the drawing for sq ft if need be.

I was instantly excited!!

Yes, you may pay with cash, but someone else has to approve the cash dispersment, just like a loan.There are also websites that you can enter some information and instantly print out a preapproval letter for a specified amount.