When conventional methods aren't working, try something un-conventional!
If you can't buy a home now... at least get ready to buy one later.
So, if you have to RENT... you might as well be Renting to OWN!
The Problem:
There are so many people looking for a nice deal on a Rent-to-Own home that we have to turn away most of them empty-handed. We never have enough homes available on a Rent-to-Own! with the tightening of the lending market, people need creative alternatives for getting into Home Ownership.
Our Solution:
We are going to show you how, and also give you the tools necessary to put together a Rent-to-Own. (a.k.a. Lease/Option or Lease/Purchase)
If you can buy a house right now and you can afford it... DO IT! If you are not able to buy a house right now (or don't think you can for one reason or another) but you really want to, then read on. Leasing with an Option to buy may be the answer for you. However, If you think it will be as easy as calling on ads in the newspaper that are offering Rent-to-Own or Lease/Option and everything will work out perfectly, you are in for a big shock. In reality, most people don't take the necessary precautions that will help avoid trouble and disappointment down the road.
The good news is that you are reading this page, which shows me you are a person who seeks out knowledge. You don't just wait for things to happen, you MAKE them happen. You also understand it is not necessary to become a full-time real estate investor striving to retire early (but worth looking into) in order to seek out creative solutions that will help move you toward homeownership.
There are some things you'll need to learn in order to structure a Lease/Option properly like:
- What paperwork is needed and where to get it?
- What questions you must ask a seller or landlord?
- How it's possible to give someone what they want AND end up with what you want.
- The difference between seller financing and leasing with an option.
- Why even full-time real estate investors like to do lease/option deals.
- How does an Option differ from a bi-lateral or two-way contract? And why is it important?
- When to lease, sub-lease, assign, buy or sell. And when you CAN'T.
We decided to offer an affordable solution that would allow us to consult others on how to do Lease/Options correctly and ethically. This is due in part to all of the HORROR stories (if you have one click the link at the bottom of this page and share it with us) and out-right crooked behavior that has been shared with us by individuals seeking occupancy with Nu-Start. It is hard to protect yourself if you don't know what it is that you should be protecting yourself from.
You also need to know:
- What's negotiable... and what's not.
- Should you use a title company when doing a "Rent-to-Own" transaction?
- What should you do when you can't exercise your Option? And when should you do it?
- The difference between a deposit and option money.
- What homework (due-diligence) can you do to help protect yourself from fraud?
- Who determines the Option price? How long is it good for?
- What is a "rent credit"?
- Is a Rent-to-Own transaction one agreement, or two separate contracts? And is that always the case?
- If you have an Option to purchase a property, can the current owner still sell the property to someone else?
As you can see there is a lot to know in order to Lease/Option a property correctly. But with our help you can rest assured that you have experience in your corner. With the right guide you can go about anywhere you want, and go with confidence. However, when we concentrate on our fear of the unknown, we usually go nowhere at all.
You already know how to rent a property, right? Just add to that, the right to buy that property on or before some future date, and you have the basis of the Lease/Option strategy. The real estate market is changing. It isn't as easy to buy a home today as it was just a year ago. Add to that all of the changes and restrictions going on in the lending industry and some of you may be wondering if you will ever own a home. You have to be pro-active about your desire to own a home and search for ways to make it happen.
Although we also offer a more in depth and comprehensive consulting program, the majority of you looking to get into a home need a program that focuses on a single strategy. The Lease/Option is the fastest path, for most of you to move into a home that you can call your own.
A few more of the things you're going to want to learn:
- What you need to know about "landlords" that offer Lease/Options. VERY IMPORTANT.
- What you absolutely must do before putting down a deposit or giving any money to ANYONE!
- What is the difference between doing a Lease/Option on a home to live in vs. an investor Lease/Optioning a property as an investment? The answer might surprise you.
- What one question you can ask a property owner that is trying to sell his home, to find out if they would be open to your Lease/Option offer. Until you ask this question, some owners don't even realize that they might prefer to Lease/Option their home.
- The #1 and #2 things that every landlord/property owner want to know from you.
- How to get a property owner to listen to and consider your offer over-and-above any other offer.
- What things are necessary for you to learn before you would bother looking at a property.
You're getting the point, right? There is a lot involved in putting together just one small transaction like Lease/Optioning a home whether you plan on living in it or making it into an investment property. If you have a response or know the answer to each and every bullet-point on this page, you would still be missing the most important key to your success... a MENTOR. But since you are on this site you have already found a guide to help move you from Tenant 2 HomeOwner.
Now it's up to you to TAKE ACTION.