Rent to Own Homes - Pros and Cons (NOT Knowing This Can COST YOU THOUSANDS!)
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- Опубликовано: 29 сен 2024
- In today's real estate FAQ's episode you'll learn about the pros and cons of rent-to-own homes!
#RentToOwnHomes
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🎬 About:
In this video you'll learn all about the pros and cons of rent to own properties including recommended steps you can take to protect yourself if you choose to move forward with a rent to own house.
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Andrew Finney Trusted Real Estate Advisor/ USMC Veteran S.0173260
www.andrewfinneyteam.com
King Realty Group 6955 N. Durango Drive
Suite 1004
Las Vegas, NV 89149
Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with BHHS, NV Properties in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of BHHS, NV Properties. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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Truly enjoyed your video. Thank you
Truly appreciate your information!
Hi Steven Ajao!
Thank you for watching and for your support. You Rock!
Gave you a shoutout in today's live stream. Yay! Here's the link: ruclips.net/video/Mo-Jh6qdbwI/видео.html
Hopefully we'll catch up in the next live session. I go live every Wednesday at 11am PST.
Thanks again for watching!
Enjoy an amazing day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
I didn’t know all that was require with dealing with a lease to own home from the 2-3 year to an inspection to the down payment yes I feel like I might as well wait
Hi April Tysinger,
Thank you for watching and for sharing with us!
Check the show more description of this week's live stream timeline for the minute marker answering your questions: ruclips.net/video/_ahFDFELy-g/видео.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
This is very helpful information, I was interested in RTO but I knew there had to be some kind of catch to it
Everybody is looking for a way to screw us and steal 😒 our money 💰 🤑 Avoid realtors and lawyers like the plague!
Well explained because the way they show rent to own is like a dream but this Video shows the reality.
Thanks
Very helpful, thank you.
Thank you
You're most welcome Aleena!
I'm glad this video helped you!
What would you like to watch next?
Thank you so much
If you get a extended Lease For. Rent to own do you have to pay S other daow. Payment upfront fee?
Hi TREAL406,
Thank you for watching and for sharing with us!
Rent to own properties are subject to whatever a buyer and owner agree upon. Hence the prudence in hiring a real estate attorney.
What would you like to see next?
Btw... I go live on Wednesdays! =)
Enjoy a fantastic day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
@@AndrewFinney What Time Are You live Wednesdays?
I'm going live next Wednesday at 9am PST. Usually it's later but I have pre-scheduled client appointments the rest of the day. After next week, the plan is go live every Wednesday at 11am PST.
Looking forward to you joining us.
Enjoy a great evening. =)
Me and my brother's needing a place to live I'm on SSI and he's on SSI disability and we're wanting to find a place to rent to own because we have animals and where we live we can't live here but he has dementia and I take care of him but we need a home and I don't know what to do or where to start I wish you could help me
I want do it in Mansfield Ohio can you help
Hi Eve Guerrero,
Thank you for watching and for reaching out.
To be honest with you, I'm not able to help out with Rent to Own homes in Ohio. If you opt for buying through a traditional seller I'm to help you find a top agent in Mansfield.
Hopefully we'll catch up in the next live session. I go live every Wednesday at 11am PST.
Thanks again for watching!
Enjoy an amazing day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Very helpful and clear information.
Glad it was helpful Lasting Spirit!
What would you like to watch next?
Your volume is low
Good video my personal family has never owned a home EVER in our life
Im about to change that
Making BIG MOVES
👏👏💪
@@user-vm7ro1yf1j
90% of people don't end up qualifying for a loan and they cant buy the property at the end of the 2 years
So rent to own is pretty much BS. Thanks for the info I'll steer clear of rent to own.
I did not know the upfront fee is non refundable!
Hi and thanks for this video. But have you and your team actually thought about making a video about the whole process? with you or a team member portraying a rent to own home buyer going thru the motion and hurdles? You explained it wonderfully but I learn best when I see it done. If it's too much don't sweat it.
I like how he gets right to the point. Thank you, On Point Nothing irrevalant, not trying to positon other services, Title matched exactly what he said!!!!. Thank you.
As a real estate owner who's tired of dealing with tenants directly I was considering the options between rent to own and seller financing but after hearing your detailed description of the rent-to-own option I realize I wouldn't be able to mark up my price for the sale of the home like I could with seller financing. Also I like the idea of cash flow for many years to come so thank you for helping me determine which way to go.
Great video. And of course, your audience should know like almost anything in life, terms are NEGOTIABLE. Rent credits are not always the case.
Dara Abasute have you done a rent to own house before. I would love your perspective
In rent to own property, I like how you said it’s important to get a restate attorney look over papers and advice or tell you what you’re getting into before signing anything and this video was knowledgeable..
Thanks for the information!! The option fee is the main thing that made me decide NOT to go the rent to own route!! That’s money I could be saving up on the purchase of my home.
Glad this video helped you! 🤩
I am surprised that is such a option fee non refundable. I am buying a property to rent to own to my landscaper and his family. They are such honest hard workers, but they don't have credit to buy a property. I was under the assumption to take a portion of the rent to apply towards their down payment when they are able to qualify to buy the property in the future. I volunteered to help them to build their credit. I am ok not to requiring them to pay for the option fee upfront. For me is ok just have them to be able to qualify for the purchase of the property. This presentation is very helpful to understanding the rent to own process. Thank you so much.
Hey T Z! Thanks for watching this video and for taking a moment to comment. It sounds as though you might be one of the good ones that will use this type of purchase the honest way. Kudos to you!
If possible, it's might be a good idea to review the contract and terms with an attorney in your area familiar with the process.
Sending you positive vibes everything goes your way!
Great video. I sold a condo years ago as rent-to-own. It was a crap market. I gave a locked in price that was a bit above market with 5% down. So they got all appreciation if they bought. All the rent-to-own deals I see don't lock in price which is a serious problem for buyers. First couple got divorced, backed out and lost their 5%. But they would have lost more if that had bought because of buying and selling fees. Second couple completely the purchase and made a little on appreciation.
So today I'm thinking of selling in a short term rent-to-own. I'm in Phoenix and the market is very hot. People are paying over asking, basically paying an expected future value in order to lock in now. I could offer to sell at a bit above market and they could move in tomorrow. That's a huge advantage for many...worth a little more. Standard 10% down that they risk which is already common in this market. Then they'd have time to close whenever they like. Big plus for people who need to sell their current home. They could get an equity loan for the 10% down, move and then sell their previous house. As a seller I collect the normal agent fees because no agents are involved, small expense for contract and I get a slightly higher price maybe. Bidding wars make that tough to figure though. This looks very interesting.
Sounds like a bad deal for the renter.
people put 20% down when they go to a bank right? So when they get foreclosed on they lose that down payment right? So what's the difference other than they lose out on a lot less money when they do a rent to own.
chachee15 a foreclosure means that the bank wants the outstanding debt, but also has to pay carrying costs. Therefore, the bank will sell it for as quickly as possible. Meaning the buyer doesn’t get back much equity.
Really informative. I looked up your video because I had clicked on a rent-to-own website and immediately got a call with extreme pressure to sign up for them to fix my credit. They wanted 110/month and could not tell me for how long...The person on the phone talked down to me and got argumentative. Thanks. I will look at other options.
This happened to me today. I was just looking around trying to do research and see what was available in my area. The person was so snobby and combative. I didn't want to sign up for anything.
So.. rent to own sounds like a really bad idea
Does this seem fair:
Landlord/owner pays down payment. On let’s say a 60k home. Charges 800 per mo. And then has the tenant/buyer pay a “credit fee” of 1600 at the beginning of each lease year to keep the contract going. The 1600 will be paid until the amt of the down payment is recovered. In this case 20% of 60k or 12k. The loan could last 10- 20 years until the home is paid for. This allows the person with bad credit to have owner financing, avoiding the bank...and allows the investor the opportunity to make money during the loan process.
Fair or not? Curious.
It's really something when you reinforce what some will do to screw someone for their money. Like the intention from the beginning to acquire a buyers option money. A good point is people can get help from a good real estate advisor and or a loan person. I'm going to post this on Facebook in less than 1 minute.Thank you.
Thank you for watching Edward!
I'm super happy this video helped you and those 2 points stood out to you the most. You're absolutely right, it's awful what some people will do to screw other's over for money. Disgusting!
I really appreciate you and sharing this video on your Facebook. You're the best!
Wishing you a great day my friend!
What would you like to watch next?
Yes, it's true!!!! It happened to me. it was a (what I thought was a really sweet old lady) my landlord. Once they know that they can "legally" screw you, and get away with it, they will!!! Do your due diligence people!!!! I can not stress this enough!!! ANYTIME you are dealing with another party and ANY amount of money, do your homework. Check anything with an attorney. And before you say" I can't afford to pay an attorney".. ask yourself this... can you afford to LOSE 2-5 years worth of rent/ money??!! Which is cheaper???Yes, it may cost you SOME money, but that money will be worth every penny in the long run.
I was young and ignorant and spent 2 years paying into a house, plus doing upgrades out of my own pocket(thinking that I was fixing my future home). This was after the market had crashed and the lady couldn't sell the house, so we made the agreement. After all of those things were done, she had the house reappraised, which brought the price and value UP, the economy was on the rise by then and she sold the house from under me!! We went to court, but I was not "legally" covered, or owed anything!!! There was nothing that I could do. Period.
Her and I went in on this deal with the best of intentions and she really was going to sell the house to me, in the beginning. Her daughter had found out about our "deal", hired an attorney. She then showed the mother that she could quietly have the house appraised again, show the increase in value and "legally" sell the house for a large profit. The reward was too good to pass up, and she pulled the trigger! She basically admitted it, but I couldn't prove most things and was not covered, even though I had receipts and so on!!! It was brutal. Money changes people!!! I don't care what you say, it will make a 70 year old lady turn on a man and his family in a heartbeat if the opportunity arises. I had to move me and my family out of the house. There were other things that happened before and after... but im just saying this stuff to make a point!! Cover your a$$ people. Do the homework, hire the attorney, spend a little money now, or loose a lot later.
So I'm about to go into a rent to own deal. The house and land are evaluated at way over what were getting it for. I have to make repairs to house before move in and it will take off a percent off total monthly payment. Were signing into a 5 year contract. Now this is where its gonna get weird the lady who owns property is elderly what would happen in the event she passes and the house gets passed on would the contract still be valid?
That's an excellent question Steven!
I'm not an attorney, though it would seem that any contract should have a provision for such an eventuality.
Best practice here is to reach out to a real estate attorney or contract attorney to verify just to be safe. Especially if you're making upfront repairs to the property!
Please let us know how it works for you.
Sending you positive mojo everything works out for you! =)
Andrew, I've been watching your channel for about a week now, and I've learned a lot.
Any advice for young looking-to-buyers who can't agree and how to know when one or both are being too difficult?
Hi Candace Marie Carter,
Thank you for watching and for your kind words!
Very happy my channel is helping your learn more about buying a home.
Absolutely! In fact, I've made other videos offering techniques to get on the same sheet of music.
Try this... Each of you go to opposite ends of where you're living now and write down each of you have in mind for your new home.
Things like:
# of bedrooms
# of bathrooms
Size of the house
Yard Size
1, 2, 3 or more story
Area preference
Price range (of course this one depends on your loan pre-approval amount)
Must Haves
Undesirables
Community
etc...
When both of you are done, reconvene and write down everything you agree with each other about then seek compromise on the other areas where both of you have a difference of opinion.
Candace Marie Carter, definitely let us know how this goes and how ya'll resolved this issue together.
For both of your success, you must first be in agreement.
Enjoy an incredible day!
Thanks,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Candace Marie Carter huh
Great information. I'm currently working on my credit score & will be renting to own.
Hi
Did you rent to own ?
Same here
Need to contact Rent to Own with a zip code where I want to live. It is: 17948. Even though I live in 17976. Thankyou.
Thx I'm trying to get rdy to buy a home been renting bout awhile now and got a GD job trying to see my options .
Hi delrey25,
Thank you for watching and for commenting. Your awesome!
Glad this video helped you. Let us know how everything works out for you.
What would you like to see next?
Enjoy a very Happy Thanksgiving my friend!
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
Will I be responsible for hiring Home inspector? DOES part of Upfront Fee before moving in A Rent to own For to Your mortgage price on the house
Or ask for a recent one the owner may have and use it if it's not old. Ask a friend or hire a handy man and get the inspections during the purchase at the end of the year. These 2 strategies will put off the upfront cost of inspection.
Hello Andrew - thanks for the video ! can you talk about all the risks/what can go wrong from the perspective of the investor (house owner who is offering rent to own, what happens if the person still can't get a mortgage after 5 years.
Hi Yazoo420,
Thank you for watching and for reaching out! It's great to hear from you!
I gave you a shout out and answered in your question in this week's live episode: ruclips.net/video/SATE5UrQ_ds/видео.html
That's a great idea! I'll get to work preparing for the video. When completed I'll give you a shoutout! Yay! =)
Join us live every Wednesday at 11:30am PST. See you soon!
Enjoy a fantastic day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Thank you so much for sharing this was very helpful to me. But I am still not sure what I will like to do because I would be a first time buyer. Do you have any suggestions
If I follow through with everything: deposit, rent and improve credit, get approved for mortgage then pay off mortgage THEN will I get the deed to the property?
Yes
I figured at the end of the rent-to-own term the prospective purchaser would have to apply for a refinance as opposed to a outright mortgage??
I'm just as confused but I'll keep watching for understanding. lol
Thx - Non refundable option fee. Yikes.
What is the non-refundable option fee for?
I'm also curious, is that a requirement? Can't the owner waive the fee? It seems like such an arbitrary thing.
It's so the seller have more leverage against you lol
Hi, I am looking to get into a rent to own agreement with my current landlord. I have already been approved for a loan based on my income and credit but because of COVID I am currently unemployed and not able to get a bank loan. So I thought "rent to own" might be perfect considering I should be back to work and eligible to get a loan definitely within the next year. However, there are repairs that need to be done on the home. Like new HVAC, and possibly roof issues. Once I get an inspection how does that work on a rent to own? Would they have to just take the repairs off the purchase price? Are they Legally supposed to fix these issues before I purchase the house? Can I fix them and then they would have to take it off the purchase price? or is that too risky?
Lastly, do you have suggestions on other lender who would give someone who is currently unemployed? I have excellent credit and the down payment a home loan, which is why this has been so frustrating for me.
All the answers are, yes! Very bad said info we may overlook. Thank you.
If you know anyone who can help me with this process please send them my way, did I say please, well, please?
I lost 15k trying this I lost all my dam money start over again I tried so
OMG dd! I'm so sorry to hear that! Thank you so much for sharing with us. I hope others see your comment before going down this path.
Sending you positive vibes everything is going your way!
Thanks yea never again
Did not know the option down payment was non-refundable. It’s extremely risky. You’re absolutely right about getting a real estate lawyer. Thanks for a great video.
Just buy a piece of land and put a tiny house on it. Screw the real-estate salesman.
hey bro. can someone who doesnt have legal status but has passport, and has a Tax I.D. can i still purchase a home in America.
Happy Veterans Day , Andrew!
Thank you! You're so kind. Semper Fi! Sending you positive vibes everything is going your way!
I cannot afford to lose 15K or more in option fees. Yikes RTO is not for me.
Thanks so much for this information much appreciated.
Why the hell would I rent to own if you have to pay a option fee.......might as well get a house not rent to own
Only about 28% of the US population qualifies for a traditional home loan. Realtor fight for this very small pool. Especially with the laws since the housing crash of 2008. There are several factors. It's a blessing for some to have options otherwise many may not be able to purchase.
What are the costs to get a lawyer to check if there are any problems on the home etc? I would get an inspection and what else would I need to do? Title search is done by the lawyer, correct?
Correct, lawyers don't check that's what the inspection is for. Title/Attorneys searches and settlements are affordable.
Hello So the owner of house is offering me a rent to own contract and is asking for a down payment that he will take the downpayment off the house value and now if and when i get a mortgage approval do i need an additional downpayment
Can you do a video on the new Trio lease to own program
Great video, I am in the process of preparing one right now, and your video was very informative. Thank you
Awesome! Thank you Julio! Please let us know how it plays out for you.
Sending you positive vibes everything goes your way.
What would you like to watch next?
Good stuff, glad I watched this!!!!!!
Do u know any trusted rent to own programs?
Hi music32896,
Thank you for watching and for sharing with us!
Check the show more description of this week's live stream timeline for the minute marker answering your questions: ruclips.net/video/_ahFDFELy-g/видео.html
What would you like to see next?
Enjoy an amazing day!
Thanks again for watching and commenting! =)
Chat soon,
Andrew Finney
www.andrewfinneyteam.com/
They can be found on posting platforms
One that you still need to follow all the same things that you would do in a closing of a property to was that you can get there so many different down payment assistant programs that I didn't know about
Could you list a few of those down payment programs?
I am am a owner (out right) of a rental for 30 yrs now, Ive never rented to own too anyone, tonight I was just asked if I would do a rent to own, what are the pros and cons of a home owner to do a deal of rent to own?
Hi Prepper Dino,
Thank you for watching and for reaching out! It's great to hear from you!
I gave you a shout out and answered in your question in this week's live episode: ruclips.net/video/SATE5UrQ_ds/видео.html
Join us live every Wednesday at 11:30am PST. See you soon!
Enjoy a fantastic day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
Pros: non refundable down payment, little to no maintenance cost, no property management fee, no Realtor commissions, no closing costs, no seller contribution, you agree to price regardless of future market swings, you can decide to sell it or not later, you get monthly residual income monthly. I can assist.
@@tishmadry can you give info for me?
I'm looking at a rent to own. It's 950 and none of that goes to the loan.
Hi Tank B,
Thank you for watching. It's great to hear from you!
You may want to consult a real estate attorney to assist you. Whether some or none of the "rent" goes towards the down payment or paying down the house is by agreement between consenting parties. I highly encourage you to contact a real estate attorney if you elect to enter a rent to own agreement.
What would you like to see next?
Enjoy a wonderful day!
Semper Fi,
-Your Real Estate Geek, Andrew Finney
www.andrewfinneyteam.com/
Andrew , it was so interesting, informative, complete as far as I'm concerned, so glad I found u. Will recommend to others
Hey Juliet! Thank you so much for watching this video. I’m glad that you found it so interesting informative and complete. That means we nailed it in this video and got the information out that was the most important. I’m super happy you found me too and welcome to the Home Tribe! Sending you positive vibes everything goes your way!
Thank you! Very informative and you made a very consulates process simple!
Glad it was helpful Sandra! Yay!
What would you like to see next?
what is the average rate of R.E . Lawyer... ?and thanks for Sharing ...
Can person get a house on ssi or fixed income
Thank you this was very helpful and informative 👍👍
This seems like a headache
Can u tell me if i got f** over??? So im doing a rent to own "owners Finance"
Basically i paid 10700 for the down payment an closing cost..(when i first moved in ) . But the man never gave me a deed of trust. Or anything.... So hypothetically im still just renting... Can i take this guy to court an get my 10700 back???
I still have a renters contract
How did your story played out ?
good info!
Thank you 😇
Very helpful! My husband and i really want to buy a house we have excellent credit but as we live in california, i dont think we could qualify for a mortgage because of income so rent to own came to mind. Now im thinking no way lol
Hi Brook Fasano Music,
Thank you for watching and for reaching out! It's great to hear from you!
I gave you a shout out in this week's live episode: ruclips.net/video/SATE5UrQ_ds/видео.html
Join us live every Wednesday at 11:30am PST. See you soon!
Enjoy a fantastic day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
thank you you were very informative
My credit isn’t an issue and I have multiple investment properties- the problem is how my accountant (on purpose) structured my taxes (because I was positive I wouldn’t be buying a property this year) and because of that, my DTI is 120% for this year (only).
So I may entertain the lease to own option for the first time (as buyer), but before going down that route is there a better option from lenders who factor everything EXCEPT DTI?
Thanks 👌🏽
Where do I find rent to own homes in my own state?
i wish i have found out about you before i rented a room
My Rto landlord called today to say "Great News! I have decided to semi retire. I've worked a deal out with an attorney out of town who can do closing and I am going to put the house in your name! Closing is $750. All you need to do is put the money in your payment acct & the attorney will handle the rest. Nothing will change as far as payments. The insurance & taxes will still be paid through your payments." (He is the insurance agent as well. Will the ins we are paying be for him? And we still need to purchase our own as well? If so that's normal? We've asked him to email us the paperwork & ins info. Anything else we are missing. I see no benefit to him? We've been here 13 yrs in August. Why bother? I'd love it in our name but what's the catch? It feels like theirs a catch? Also the rto agreement stated no pets. Can he still impose that clause on us?
Would it be better to own a home to rent
Amazing information! Thank you!
Thanks for the information
when it comes to "rent to own" focus on the negative. You will pay jacked up rent, really jacked up, with the false concept that the premium you are paying will benefit you in your future, most likely it will not. The landlord, if you will, wants to make every f*ing $ out of his investment that he can, so he wants to make every f*ing $ that he can out of you. Never sign one of these contracts without counsel from an attorney, and if they have a problem with that, don't sign, move on! And, you are going to find almost any attorney will not advise you sign.
So i am aproved for a loan and have downpayment ready, recently i came across a house too good to be true i dont want to rent to own i want to purchase and pay mortgage
Is it a good idea to go for it thank you.
Hi Juan Bustos!
Thank you for watching and for your excellent questions!
Answered your questions in today's live stream. Yay! Here's the link: ruclips.net/video/Mo-Jh6qdbwI/видео.html
Have ya'll made a decision how to proceed?
Hopefully we'll catch up in the next live session. I go live every Wednesday at 11am PST.
Thanks again for watching!
Enjoy an amazing day!
Thanks,
Andrew Finney
www.andrewfinneyteam.com/
@@juanbustos4494 If you want to buy and it's the best thing to do to achieve your personal goals of home ownership. Go for it,good luck!
I just started the video and I believe it's not a good time to do buy a home. I live in the Phoenix area and it's crazy. Homes that usually go for 250k are not going for 300 to 350k with 30 some bids. So my fear is if you do this program get into a house and the market levels out and your home start decreasing in value because the inventory grew to help the demand next you know you can't buy that home because they want 300k but your banks says it's worth 240k.
Are you familiar with Divvy? And if you have what are your thoughts? Thanks in advance.
Hi Beautiful Beloved! No, I'm not familiar with Divvy.
Thank you for watching. What would you like to watch next?
@@AndrewFinney Divvy is a lease to own company. They purchase the home for you. We've been looking for a new place but aren't willing to purchase as of yet because it's a big decision to make, as well as location etc. So Divvy was presented as an option so that if we didn't like the neighborhood etc we can get the money back (not in full probably 80%ish) after about 3 years and move. I dont know if I'm comfortable with trusting them. I always feel like there are strings attached. So the next thing I would be interested in (I dont know if you've touched on this topic), the pros and cons of renting and purchasing a home. Thank in advance.
So would a rto work for me?
I have a house I’m considering
It’s big enough where I can rent out 3 other bedrooms. Meaning I would pay 1/4 to own a home. That means every cent I pay would go towards the purchase. Would that work?
thank you for shearing information.
i have a question?
new neighbor moved to next my property with 5 years payment plan with rent to owne deal that means they are not owne the property yet.
and they start cut all big trees over 150ft tall and they traspass cut few of my big trees and solded.
im wandering how is responsble for damage?rentals? or property owner?
please halp thank you.
Great video, I would like to see to step 1 up please. Also divvy homes a complete review would be appreciated.
Do you cover BC please? The only benefit i see as a landlord is to avoid my property getting destroyed, hence I plan to RTO but not sure how to find tenants:)
The issue i have is that 2 year at the same job rule. I wish that was addressed more. Credit and having a down payment is fine but what if i just stared a new job that i might switch from again in a year. It gets tricky then because i would like to buy a home sooner than that.
Nice video
Are the rent to own agencies legitimate? What part of the process do they cover...any of the fees? legalities? Inspection?
Very informative, thank you for your help!
You're welcome Raphael! =)
I didn't know that you had to search for your own information to find out if there's any liens or anything when a property or anything like that I thought that's what an underwriter was for or that's why you hired a real estate agent so they could look it up and stuff like that
I have a question The money that I’ll get from my tenant I’ll have to use to pay my mortgage that would be no money left to put on an escrow for the down payment for the tenant
Thank you for the info. Rent-to-own just sounds like a stupid idea in my opinion.
So if the owner loses the house so do you not very good at all or wait what if the owner actually fully owns the house then ok
Thank you. Very informative!!!
Glad it was helpful Syliva!
What would you like to watch next?
Sending you positive mojo for an incredible day my friend!
What happens if the renter has a co-signer who is not in the contract?