lease to own homes Archives

Lease options have tremendous benefits for investors especially in today’s market where real estate transactions are lower and lending is tight. If you are renting a home, it may be a great idea to lease option. Here are some tremendous benefits, I am sure you will consider this as an exit strategy.

  1. Higher rents with option payments – You get monthly rent and a monthly option payment that is non refundable if the buyer doesn’t execute the purchase contract. If the buyer does execute the purchase contract the option payments go towards the purchase.
  2. Down Payment – You also get a down payment that is non refundable if the buyer doesn’t execute the purchase contract. If the buyer does execute the purchase contract the amount goes towards the purchase.
  3. No agent fees – If the investor finds the lease option buyer then there are no agent fees involved. There are agents that do lease options but the fees will not be 6%.
  4. Higher sales price – Lease option buyers do not have as many options as qualified buyers or cash buyers. Therefore they do not have as much bargaining power and the seller can negotiate a strong sales price.
  5. No vacancy issues – Lease option buyers do not move as much as renters, it is very rare for them to move out in fact.
  6. No maintenance responsibility – Sellers can make the lease option buyers responsible for maintenance, make sure to have home insurance and a home warranty to further mitigate maintenance risk.
  7. Different ways to make money – Lease optioning a home you own is not the only way investors can make money with lease options. Consider a lease option service that brings together buyers and sellers for a fee, lease option sandwich, lease option assignment, find sellers that will lease options their home to you then rehab and flip, etc. You can even get fees referring people to credit repair agencies, agents, lenders, property managers, etc.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars.  Visit our site for all the helpful resources.

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Okay, you are trying to sell your home, but the market is really soft right now.  So you need to be creative.

You finally found a potential buyer.  That person absolutely LOVES your home and wants to buy it, but they don’t have enough money to buy a home outright.  Plus, this person’s credit isn’t good enough to qualify for a loan.  They need time to repair their credit.

What can you do?

Two possible solutions are to sell your home to someone on a Land Contract or a Lease Option (also called rent to own).  Either of these provide the buyer time to improve his or her credit enough to qualify for a loan to purchase the home from you outright.

Quick Explanation: The buyer buys the property and gets everything EXCEPT for the deed.  The seller holds onto the property deed until the final payment is made.  The buyer makes payments toward the purchase of the home, and the seller charges interest.  Often, the land contract will have a balloon payment at the end of a period, anywhere from two (2) to ten (10) years, forcing the buyer to get a loan or lose the property.

If you would like to learn more, you can contact Section 8 Pros at (248) 757-0926 or go to www.Section8Pros.com.  Section 8 Pros helps landlords and tenants meet each other’s needs, focusing primarily on the Detroit city and surrounding areas.  They help out of town investors keep their properties productive.

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  • Pentuim M 1.8 Ghz
  • 1.5 GB DDR2 Ram
  • 40 GB Hard Drive
  • CDRW/DVD ; WIFI Enabled

This computer has been refurbished by a Microsoft Authorized Refurbisher. It includes an Original Genuine Licensed Windows XP Operating System with a new sealed Official Microsoft CD from a Microsoft Authorized Refurbisher. Beware of Software Piracy. Many other sellers offer a non-original copy of Windows XP. A non-original or counterfeit copy may leave your computer at risk and inhibit your right to critical security updates and is also illegal. This Awesome DELL Latitude D610 includes: 2 Gigabytes of DDR2 Ram Memory, a Huge 160GB Hard Drive, Fast DVD/CDRW Drive (Plays and burns/records CD’s and Plays DVD’s), 8MB Video, and is loaded with great software (see below). It is has internal Wireless WiFi for an internet connection. In addition to Windows XP, this great computer will arrive with a comprehensive software suite hand picked and tested by our technicians. Included is software for Copying and Creating your own CDs and DVDs. With included software, its easy to make a music mix or copy and back up your important data. You get software for watching DVDs. The DVD software is an advanced, feature rich DVD viewing software. Also included, Open Office which contains WORD, EXCEL, and POWERPOINT compatible software. Open Office is included on a CD for you to install. You also get excellent anti-virus software, Avast 4.7 (requires free activation), and anti-spyware software, Ad-Aware, to keep your computer running virus and spyware free!

Dell Latitude D610 Notebook PC (Off-Lease) – Intel Pentium M 1.86GHz, genuine Windows XP Home, 512MB DDR2, 40GB HDD, DVD/CDRW Combo

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In order to protect renters, prospective home-buyers and general consumers, the Federal Trade Commission enforces a few laws to make sure you are treated fairly in regards to your credit.

* Fair Credit Reporting Act- This act enforces your right to review your credit report annually for free. If you happen to find any mistakes on your credit report, you have the right to dispute these errors and have them corrected. Only professional businesses may check your credit with your permission. Should you be denied credit by any of these institutions, you are encouraged to ask them why and which bureau’s report they were using when coming to this decision. You can then ask for a free report from that bureau within 30 days.

* Equal Credit Opportunity Act- This law states that credit companies may not discriminate due to your race, sex, religion, marital status, national origin, age, or assisted income. They may only make their decision on your financial ability and intent on paying extended credit. Married couples may file jointly or separately according to their preference. If age becomes a factor, it can only be for legal purposes to make sure you are old enough to sign a contract.

GoodTenant.com – Houses, For Rent & Rent to Own
#1 In Rent To Own Homes in Your Area!
GoodTenant.com is the #1 “homes for rent” & rent to own site which connects tenants and landlords and helps fill vacancies fast worldwide. GoodTenant.com virtually eliminates the time, costs and frustration which is common to both landlords who want hard to find Good Tenants and Good Tenants looking for quality For Rent and rent to own housing.

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An overview

While the real estate market may have experienced a downturn, real estate investors still have viable avenues for ensuring monthly cash flow. These are Lease Options which have proven to be one of the most prominent real estate investing tactics in this day and age. An option grants the buyer the right to purchase the property he is currently leasing from someone. However, a lease option does not constitute an obligation to purchase. Motivated sellers who are not willing to wait for traditional sales processes to conclude can easily use this method for their benefit. These options also make a great way for would-be-buyers to buy a home. At the same time investors get premium cash flow.

 Lease Options can be helpful for:

  • Sellers or owners want to get rid of property without enough equity to sell … Sellers/Owners can make use of Lease options for ridding themselves of property even if they don’t have enough equity to go through the process of selling it off. A seller would have to produce cash to pay for a real estate agent’s commission if his property mortgages measure up to 95% or more of that property’s market value.

To Learn More about Real Estate Investing and Get a free Report Go to http://wealthyideas.net

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This is the career exit strategy guide you’ve been looking for! A step-by-step instruction book that will show you how to turn real estate investment into a serious business that will lead you to financial freedom, and allow you to reclaim your life. Real estate provides the opportunity to make serious money, but navigating the pitfalls can be tricky unless you build a serious, sustainable business.

Real estate investment is the best exit strategy for most of us because you can leverage your investment funds. This book will show you how to approach the real estate market in a careful and logical way which will allow you to take advantage of the rebound in the coming years. Few investments allow you to gain control of such a valuable asset at such a low entry fee, while someone else (your tenant) pays your bills. You can start your business while you are still working at your current career and build toward a graceful exit, on your terms. Don’t let someone else control your life. Take control today!

Learn how to:
- Create a serious business that will make serious money
- Understand the tremendous tax advantages of owning real estate
- Learn the best real estate investment strategies for different market conditions
- How to build a team that will do most of the work for you, even if you are still employed full time
- How to attract investors to your business
- The hidden advantages of real estate investing
- Invest for the long haul or fix and flip for quick profits
- Understand how tax liens and tax deeds work and can return a tremendous profit without ever leaving home!
- Take control of your life and leverage your way to financial freedom
- Select from a variety of real estate investment strategies, some of which don’t even require you to own the real estate while giving you a return of 10%, 16%, or even 25% or better

Learn how to utilize your IRA or 401 K to invest for retirement. Attract investors or start slowly with tax liens and tax deeds. This book offers you a wide variety of ways to get started building a business today at your own pace.

The current housing market, combined with historically low interest rates, may have created the buying opportunity of YOUR lifetime. Learn how to take advantage of this market NOW! Even if you have never invested in real estate, the blueprint for getting started is here.

Your plan for exiting your current career!
Your plan for the rest of your life!

Stop thinking about it, and do it now!
This is the career exit strategy guide you’ve been looking for! A step-by-step instruction book that will show you how to turn real estate investment into a serious business that will lead you to financial freedom, and allow you to reclaim your life. Real estate provides the opportunity to make serious money, but navigating the pitfalls can be tricky unless you build a serious, sustainable business.

Real estate investment is the best exit strategy for most of us because you can leverage your investment funds. This book will show you how to approach the real estate market in a careful and logical way which will allow you to take advantage of the rebound in the coming years. Few investments allow you to gain control of such a valuable asset at such a low entry fee, while someone else (your tenant) pays your bills. You can start your business while you are still working at your current career and build toward a graceful exit, on your terms. Don’t let someone else control your life. Take control today!

Learn how to:
- Create a serious business that will make serious money
- Understand the tremendous tax advantages of owning real estate
- Learn the best real estate investment strategies for different market conditions
- How to build a team that will do most of the work for you, even if you are still employed full time
- How to attract investors to your business
- The hidden advantages of real estate investing
- Invest for the long haul or fix and flip for quick profits
- Understand how tax liens and tax deeds work and can return a tremendous profit without ever leaving home!
- Take control of your life and leverage your way to financial freedom
- Select from a variety of real estate investment strategies, some of which don’t even require you to own the real estate while giving you a return of 10%, 16%, or even 25% or better

Learn how to utilize your IRA or 401 K to invest for retirement. Attract investors or start slowly with tax liens and tax deeds. This book offers you a wide variety of ways to get started building a business today at your own pace.

The current housing market, combined with historically low interest rates, may have created the buying opportunity of YOUR lifetime. Learn how to take advantage of this market NOW! Even if you have never invested in real estate, the blueprint for getting started is here.

Your plan for exiting your current career!
Your plan for the rest of your life!

Stop thinking about it, and do it now!

Absolutely the Best Career Exit Strategy: Create Your Own Real Estate Investment Business

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Renting a home is a good decision for those who are looking to have some extra income. As this way, you not only give a shelter to someone who can’t afford to buy a house but also an extra monthly earning for yourself.

As you are not planning to specifically designed for renting but a home instead, it is obvious that you would like to be more careful with the terms you set in the lease.

   1. First and foremost, consider hiring an agent to rent out your property – A rental agent will take down all the information important for your house. He would advertise the listing and review any potential tenants that submit an application and present them to you. But an agent will charge a fee, ranging from a half-month to a full-month fee for his services. A half-month fee of a client represents one-half of one month’s rent, while his full fee equals one month’s rent. If your agent is able to secure a suitable tenant, this amount will be deducted from the amount you receive from the tenant at the signing of the lease. Real estate agencies usually choose one of these three options: first of all charging only the landlord a full-month fee, then charging only the tenant a full-month fee, or splitting the fee between the two (two half-month fees). Also, make sure you are clear on the fee structure of the agent before you sign any contracts or make any agreements with him / her.

Sukhpreet kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India , search for a property, browse through commercial property or and residential property.

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