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Will You Add? - Rent to Own Your Home - Does it Work?
The internet is an amazing machine. There has not been anything like it before and maybe never again will anything impact not only our business world but our home life as much as the internet has today.There is a real knack to line yourself up with this machine and work with it, to earn a home based income. At the end of the day though, how can I earn an income from home
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
All of us want to discover success, yet too often we move in paths that take us to the wrong destination. You can find your dream job, IF..... and that's the KEY to your success.... knowing or fixing the IF in your life.Let's think about your goal. You do have one, right? If not, then your first step must be to sit down and THINK. What's my objective? You've got
Sellers can be Private Sellers (FSBOs) or Listed with Real estate Agents or Landlords fed up with Tenants and Toilets.
Here are reasons that the OWNERs want to consider a Rent to Own Tenant, especially in a Buyer's Market (where there are an oversupply of homes available and time to sell is over 180 days in some areas):
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FSBOs (for sale by owners) want....
- SPEED (fast closing)
- Top Price
- Little costs out of pocket
- NO AGENTS to pay a commission
SOLUTION: They get a BLANKET MORTGAGE (a single mortgage that covers more than 1 parcel of real estate).
- Their old home is now an investment property.
- Their bank will consider 75% (approx) of the rent to own income to go toward "ability to pay" income for the next home loan
- I instruct you to get market rent plus 10% to 30% more in a non-refundable option payment
- - now you can show the lender that 75% is a great number :)
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
Ever hear the term 'sexy' advertising? It's not necessarily what you think. Sure, some people's idea of sexy advertising is hot babes in bikinis spraying beer all over each other, but that's overtly sexual and not what we're about to discuss here.Do you engage sexy advertising in your marketing campaign? If not, you should."Sexy" advertising refers to ads that
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FSBOs (for sale by owners) want....
- SPEED (fast closing)
- Top Price
- Little costs out of pocket
- NO AGENTS to pay a commission
SOLUTION: They get a BLANKET MORTGAGE (a single mortgage that covers more than 1 parcel of real estate).
- Their old home is now an investment property.
- Their bank will consider 75% (approx) of the rent to own income to go toward "ability to pay" income for the next home loan
- I instruct you to get market rent plus 10% to 30% more in a non-refundable option payment
- - now you can show the lender that 75% is a great number :)
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
Wanting to work from home with an internet business is a great goal. Many companies operating today started with that same dream and found success. Some by trial and error and others due to planning and knowing how to start an internet business. In theory, there is no difference in starting an internet business than in starting any other type of business.There is a
SOLUTION: They get a BLANKET MORTGAGE (a single mortgage that covers more than 1 parcel of real estate).
- Their old home is now an investment property.
- Their bank will consider 75% (approx) of the rent to own income to go toward "ability to pay" income for the next home loan
- I instruct you to get market rent plus 10% to 30% more in a non-refundable option payment
- - now you can show the lender that 75% is a great number :)
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
I had an interesting discussion this week with one of my clients. She's been in business for six months and is ready to quit. (I have permission to share her story.)She writes,"I give up. Starting a business is so much harder than I thought it would be, so much more time-consuming. I was hoping to be making a profit by now! There are so many things to do and I'
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
For scientists who want to move ahead in their careers, the ability to give a truly great formal science presentation is a vital skill. Being able to give an outstanding presentation is important in all phases of your career. When you are interviewing for a new job, the presentation is almost always a major part of the interview process; often it is the first chance that your
LANDLORDs want......
- LONG leases
- Top Rent
- Little costs out of pocket (maintenance)
- NO damage
- NO late payments
SOLUTION: Once the Tenant-Buyer learns of the PROBLEMS and CONCERNS the landlord has been experiencing, and show a win - win solution (long leases, paying for minor maintenance), this is great news for the landlord.
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"LISTED WITH REAL ESTATE AGENT" SELLERS
These Listed Sellers want....
- fast closing
- top price
- no funny buyers not getting financed at the last moment
- not paying for 2 properties (new home and home that has not sold yet)
SOLUTION: Many times they can get released from their contract by writing a letter requesting that the contract be canceled and any sale due to the owner's marketing will not result in a commission being paid to the agent. Or they can pay the commission to the agent when the house sells (in 12 to 36 months).
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