Buyers of rent to own houses should not simply sign into an agreement without thinking carefully of what they are getting into. Rent to own homes are becoming a popular way to acquire real estate properties.Even if it seems to be an easy transaction and practical deal that is worth your money, you should be able to foresee problems that you might encounter along the way.If you are able to realize these possible difficulties that will go along your way in buying the rent to own house, you … [Read more...]

Before looking for tenants of your rent to own property, make sure that everything is planned out by being ready with the rent to own contract or agreement.Contracts can be very technical, so, it is advisable to seek assistance from a legal counsel or a lawyer. This will also serve as your protection and your property so as not to be taken advantage of.If you have no background in law or public administration that can at least help you make a draft of your rent to own house, you should … [Read more...]

As an owner of a rent to own house, you have a passive source of income since you only have to find the right people to rent out the property. Payment will just come in every month on the agreed date.In fact, this is one of the highly recommended sources of income especially for people who are close to retiring from work or those who have excess properties.Instead of having the house lying there around the corner, make it work to your advantage that you are reaping the benefits of what … [Read more...]

A growing number of individuals are becoming more interested in acquiring rent to own houses.Apart from being the most practical way to easily buy a house, it does not really entail you to shell out a big sum of money but rather, gives you time to pay in small amounts. For potential buyers and sellers of rent to own houses, here are the basic things or possible scenarios you might encounter. Confusion with the terms “rent to own” and “lease purchase”This is quite tricky … [Read more...]

Due to limited funds, not everybody can afford to buy a house. So, the next best and wisest thing to do is acquire the property gradually. Most people who lack the finances and yet, would want to buy a house would opt to look for a rent to own property. This is the trend nowadays. But, no matter how great of a deal it is, make sure that you know the advantages and disadvantages of a rent to own property.To avoid being blinded by this kind of deal in owning a property, you better review the … [Read more...]

Real estate mortgage scams are an illegal activity with the purpose of false representation of information on a mortgage loan application or other transfer of money related real estate documents. There are many ways in which real estate frauds are committed. Especially during times when the price of rent to own or homes for rent is on the rise.This scam is probably one of the most common types of real estate Scams. In this type of fraud two different sets of settlement statements are … [Read more...]

When you start searching for a rent to own home with poor credit; first investigate your credit score. If your rating is poor, there are a number of specific things you can do as good practice to improve and build both your score and lenders' attitude towards you while applying for a home loan. Sign Up On Your Contract: To get any credit for rental homes, you must get it on the contract. If it's not on the contract, it's unlikely you'll get any credit. Pay Your Bills On Time: Always pay your … [Read more...]