In a rent to own or ‘lease purchase’, the buyer has the option to purchase the property at the end of the rental period. So, the buyer has the legal right to purchase the property for a fixed period of time, but is not obligated to purchase the house. Important features of the rent to own transaction: Buyer pays an upfront option fee, which is non-refundable. The buyer buys the ‘Right’ but not the ‘obligation’ to purchase the property in future. Option fee is credited toward the … [Read more...]
21 Ways To Become the MacGyver of Rent to Own Homes
You may be hoping that a rent to own will be your ticket to owning a home. That your less-than-perfect credit score will be overlooked. Or that it's a great way to avoid wasting money on rent.It can be all of these things!The idea is that you can purchase the house you are renting using a portion of your rental payments to help cover your closing costs. Unfortunately it's often setup wrong, making it very difficult for you to actually purchase the house.But when you know which homes … [Read more...]
Another Round of Updating to Our Listings
Some of you have noticed that our National rent to own Real Estate Listings have been down for the last two days.After running the listings for about two weeks we saw that many of the results we were providing including content within their descriptions like, "rent to own" or "lease option" but they were actual rent to own listings.So we made some modifications to our original search parameters to make them listings more accurate.So we are showing fewer results currently, but you can … [Read more...]
The Listings are Here! Please Read this if You’re Searching!
I'm very excited today because we finally have the free rent to own listings live on our website. The listings went live around 8pm on March 14th, 2011!While I'm excited to be able to provide thousands of home listings throughout the Country, we have a lot of tweaking to do before I will feel like they are completely "user friendly." A Few Things to be Aware of The listings are pulled from MANY classified websites all over the internet. The goal is to provide all of the web's rent to own … [Read more...]
Update on 8 Steps to a Killer Rent to Own Deal
I've gotten a few emails asking about when step #3 of 8 is going to be posted for the step-by-step guide to a killer rent to own deal.I recently posted in the 20,000 rent to own homes post that we have finally come up with a way to have provide free rent to own homes listings throughout the country. With that new upgrade coming I have decided to hold off on the step-by-step guide until the listings are up and running on our website.Once the listings are available I will start filming … [Read more...]
Charlie Sheen’s Twitter Following and 20,000 Rent to Own Homes
I am so excited to be able to post this update to you today!Ok, do you remember the “about me” post when I mentioned the original purpose of starting this website?If not, it was created simply for listing the 2-3 properties my company had available as rent to own homes at any given time. Then the "how-to articles" started making their way around the internet and traffic started pouring in.That was an exciting surprise and realizing the need for relevant rent to own information … [Read more...]
14 Real Estate Pages You Must Check Out!
We did a lot of internet research today about the current Real Estate market and to see what others in our field are talking about.Some of these posts are older, but the websites still have a lot of content to offer. So if you have some time to learn some new Real Estate information, turn of that TV show and enjoy these posts!Lastly, our site usually sticks to discussing only topics about rent to own homes and how rent to own works. Only one or two of these posts below get into the topic … [Read more...]
