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Learn Negotiating Techniques in this video.
Duration : 0:8:48
Lease To Own Course
Archive for February, 2010
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Duration : 0:8:18
Our lease is up next july. We wanna have ourselves situated so that we can move by then. Does anyone know of some nice single family homes, or maybe a town house that we can rent to own?
Nothing more than 1300 a month please.
thanks!!!!!!
where in maryland…?
u can get town houses for 700 around towson baltimore
I’m planning on moving into my own place but instead of getting an apartment I would rather move into a home that would allow me to do a lease purchase or rent-to-ownbeing that I am the single parent of a 2 yr. old son and am taking care of my sick father. I just would like to have some research so that I could way my options
new york
trying to find a rent to own or lease to own home due to credit issues. Been a good tenant-never been late or missed rent. Are there any contacts or at least good advice on what to look for & what to avoid ? Thanks
Scammers have taken over this entire section of the real estate world. Avoid them all. Just rent the nicest house you can afford. After you have made 6 months of on-time rental payments, ask the owner if you can buy the house. That way you are dealing with someone you know and trust.
There is a company that wants to buy my home on a lease to own option. They will sign a lease with me for 2-3 years then cash me out at the end of the lease term. During the 2-3 year lease term, they in turn lease my house out to a family that has damaged credit but wants to buy the house. The 2-3 year lease term gives the tenants time to fix their credit. The tenants are the ones who ultimately buy the house at the end of the lease term. The company said that once they find a tenant they will guarantee me monthly rent payments, even if the tenant doesn’t work out and moves on. The company is also responsible for all repairs to the property and montly maintenance up to $200 a month. Here is a link to their website that gives some details. http://www.mwpropertypartners.com/buy_my_house
My question is: Is this a scam of some sort? Are there any pitfalls I need to watch out for? I’d like to know from someone that has entered into this type of contract, or someone who does these types of contracts.
I have not looked over an official contract from them yet as we are not that far yet into the process. They still need to view the inside of my home before they even make an offer. And of course, I’d look over the contract carefully, or even have a lawyer double check it for me.
PS…Background info: I currently have a renter in the property who is moving out at the end of November. I am an out-of-state property owner. It would be very difficult for me to sell this home on my own in the current Detroit area real estate market.
Thanks.
It may not be a scam per se, but the exposure you have is considerable. By targeting damaged credit tenants, the company is creating a higher probability that you will have significant damage to the property. Contrary to the annecdotal information anyone sympathetic to the plight of those with poor credit will offer, the averages are telling. People with bad credit are much more likely to be people who make poor decisions in life. That includes taking in friends and relatives who will damage your property far beyond what the company you have found is going to be willing to pay for. The fine print in your contract is going to have an easy out for the company if the tenant trashes the place to the point where the company will no longer make money.
I sympathize with your situation, and you may be stuck going with a company like this, but look over the contract carefully and watch for the danger of getting stuck with a lot of damage in your property. I have had tenants do incredible amounts of damage in just one year.
Kansas City KS MO –
ALL Rent to Own – Buy or Sell Rent to Own Homes – Rent to own, lease purchase option, or owner financed homes. AllRentToOwn.com is a rent to own home property listing service. We help buyers and sellers of rent to own homes, lease purchase option homes, and owner financed homes to connect using our national rent to own homes database.
Duration : 0:1:45