Rent to Own Your Home

Real Estate Investing Begins with Your First Home

2011-04-29T15:03:00.000-07:00

This afternoon, as I was working, I realized something very important--how much my life has changed when I decided to became a real estate investor. I wish I had known back then, what I know now. Real estate will always be a great vehicle for building financial stability and strength. The need for shelter will never go out of style as long as human beings exist on this planet.

My real estate investing career started with my first home, and then I went on to complete my first rehab. This is how many real estate investors start out. With their first home behind them, they then pursue their first investment property.

I know how scary it may seem being new to real estate, but you would be greatly rewarded with financial strength and would be more insulated from economic downturns. A strategically planned approach to real estate investing is part of the formula for success. With a strategic real estate investment plan, you will have more control over your destiny, because your real estate investment plan essentially becomes your road map to the lifestyle you desire for yourself, and family.

Renting to own a home is a great option for people who may not be quite ready for a mortgage, but who are taking steps to improve their credit in order to get the lowest interest rate possible. The best rate means the lowest mortgage payment possible. Renting to own is also great for people who are starting out at the ground floor of a real estate investing career and business. With practice, your confidence as a real estate investor grows.

15 Seller Advantages of Lease Purchases

2010-09-11T12:23:00.000-07:00

Benefits of Lease Purchases for Sellers

1. Less haggling over top sales price

2. Larger available market for buyers

3. Better quality tenants (when under the guidance of a real estate and mortgage professional who specialize in converting leases purchases to closed sales).

4. Higher rent than usual for market

5. Non-refundable option consideration upfront

6. Maintenance can be delegated

7. No management headaches

8. Seller remains on deed

9. Seller retains tax shelter and advantages (see your tax professional for guidance)

10. No long vacancies

11. Positive Cash flow (if structured properly)

12. No Realtor commissions to pay (if unlisted)

13. No closing costs (until option is exercised).

14. Safer than conventional rentals

15. It works!

15 Advantages of Lease Purchasing for Buyers

2010-08-21T15:52:00.000-07:00

1.Very Low Down Payment (1 - 2% vs. 10 - 20%)

2. No qualification necessary

3. Rent money is working for you

4. Option consideration is credited

5. Price is usually locked in

6. Profits from any appreciation

7. Time to check out the home

8. Control of the property

9. Time to obtain best financing

10. Leverage

11. Possible assignment of contract

12. No property taxes to pay or liability

13. Buys time to repair credit

14. Quick move in time

15. No lengthy escrows or mortgage approvals

Next up: 15 Advantages of Lease Purchases for Sellers