Investing in Rent-to-Own Property

A Complete Guide for Canadian Real Estate Investors
Author(s): Mark Loeffler
Original Publish Date: Jul 15, 2010
Product Number: EB00061605
Released: Aug 19, 2013
Business Term: Purchase
ISBN: #9780470678930
Publisher: Wiley
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Investing in Rent-to-Own Property is the distillation of years of investment experience in real estate. It is a both strategy and a system, which provides stable, proven returns for the investor. On the flip side of the coin, the homebuyer is provided a house that fits their needs and budget. Why should an investor have rent-to-own as part of his or her investment portfolio? This book lays out in clear detail the benefits of rent-to-own and how to get started with a rent-to-own strategy. Loaded with tips and case studies, here are the core components of the system: -How to identify properties -How to carry out due diligence -Smart financing strategies -How to market your system and attract interested tenants-homebuyers -How to identify and choose tenants-homebuyers -The rent-to-own contract -Obligations of the investor to the tenant-homebuyer -Obligations of the tenant-homebuyer to the investor -The team of experts: agent, lawyer, lender, home inspector, accountant -Exit strategies There are many singles and couples who for a variety of reasons opt for a rent-to-own opportunity. For some it's an opportunity to check out a location for a couple of years so that they're certain it's the house and neighborhood they want for the long-term; for others it's the desire to own a home but need to grow their down payment-having a nice home while they save is a terrific option. The expertise of the investor in identifying the right property and providing the right financing is another significant aspect for the tenant-homebuyer. The benefits for the investor are many: a solid property in an area where the fundamentals are strong; great tenants who respect the property; a profitable investment even with a downturn in the market. Investing in Rent-to-Own Property is the quintessential tool for investors who have yet to take advantage of a proven money-maker or for those investors who want the benefit of a proven system to build their portfolio.