Can the Housing market turmoil making new markets of it's own? You know it! The many niche markets inside the market also peak and valley as demand and supply shift. This is a look at the Rent-to-Own market and how to benefit from it...whether you're buying, or renting out, this is going to help you for years to come.
For Owners, this is a great time to pick up some low hanging fruit in the foreclosure market, and hold it for the market upturns, which will come, it's just a matter of when. During that time, a rent-to-own renter is making those payments, and if you picked them right, with little trouble from them if at all. These are people who may have credit issues but have cash. That cash power is mutually the pivot point and gels the agreement for minimal hassles all the way down the line.
And for buyers who use this program, you can get a home of value, with a little down, and still not have to worry about a "mortgage" and yet get credit as if you're making one. Many rent-to-owners have reward programs for on time payments. Most offer cash at close for payments made on time. Can your bank do that in THEIR mortgage agreement?
This is why private investing is making sense. Sometimes the owners bend on dogs, taxes, association fees, water and gas, all sorts of things. No lender does that. It's all in the agreements and is the true core of the arrangement. It's something worth doing when the market gets dicey, and we all know it's doing that. It's how to survive in it, and if I'm correct, it will take every single one of us to work on it the best we can, but with each other, not against each other. My job is clear, to find a way to make it work win-win or we all lose.
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