People Who Have Been Through Bankruptcy
Bankruptcy does a number on a person’s credit, and most lenders need to see at least two years of good payment history
WHAT ABOUT INSURANCE?
You, the investor, will be responsible for property insurance during the rental term, after which the tenant must take out
HELPING A TENANT IMPROVE THEIR CREDIT
Part of your job as a rent-to-own investor is offering suggestions to help your tenants improve their credit. I use the word
TENANT INSURANCE
Before the tenant moves in, request to see a copy of their tenant insurance. This will not only cover the tenant, it will
Pay-per-click advertising
Google, Yahoo and other popular search engines all offer something called “pay-per-click advertising.” When you search
HOW A STINKY, DIRTY, DISGUSTING BED MATTRESS...
When the tenants at my frst investment property moved out and left behind the most putrid, disgusting mattress, I knew There
Benefit: Your Investment Property Is in Good Hands
An ongoing concern for landlords is how much care tenants will extend to the physical state of their property. Typically,Новости
BENEFITS TO THIS STRATEGY
As with all investment strategies, rent to own has pros and cons. Unlike other strategies, however, the benefts of rent to own vastly outweigh the risks. We will take a look at the risks in the next chapter, but for now let’s explore the benefts. There are four primary benefts to a rent-to-own strategy. First, [...]
Benefit: Get In, Get Out!
A n exit strategy, also k nown as an exit plan or strategic withdrawal in business, maps the “way out.” In real estate investing, specifcally, the exit strategy is usually the sale of the property. With rent to own, the exit strategy is clearly defned even before the investment is undertaken. Having a fxed exit [...]
The Tenant Application Form
Now that you have your advertisements posted and potential tenants are beginning to call, there are a few things you need to prepare. The frst is a quality application form that potential tenants can fll out in order to be pre-qualifed. A good application will be worth its weight in gold as you search for [...]
SHOW ME THE MONEY!
I have saved the best beneft for last—the money! If not for the beneft of proft, we would have no reason to invest. The cash fow and income involved in a rent-to-own investment can vary, but by using the fnancial analysis spreadsheet featured in Chapter 11 (with a working copy available on my website at [...]