Details

Investing in Rent-to-Own Property


Investing in Rent-to-Own Property

A Complete Guide for Canadian Real Estate Investors
1. Aufl.

von: Mark Loeffler

18,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 15.07.2010
ISBN/EAN: 9780470678930
Sprache: englisch
Anzahl Seiten: 192

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Beschreibungen

<i>Investing in Rent-to-Own Property</i> 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. <p>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:</p> <ul> <li>How to identify properties</li> <li>How to carry out due diligence</li> <li>Smart financing strategies</li> <li>How to market your system and attract interested tenants-homebuyers</li> <li>How to identify and choose tenants-homebuyers</li> <li>The rent-to-own contract</li> <li>Obligations of the investor to the tenant-homebuyer</li> <li>Obligations of the tenant-homebuyer to the investor</li> <li>The team of experts: agent, lawyer, lender, home inspector, accountant</li> <li>Exit strategies</li> </ul> <p>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.</p> <p>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.</p> <p><i>Investing in Rent-to-Own Property</i> 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.</p>
Acknowledgements. <p>Introduction.</p> <p>How to Use This Book.</p> <p><b>PART 1: GETTING STARTED WITH RENT TO OWN.</b></p> <p>Chapter 1: Rent to Own: An Overview.</p> <p>Chapter 2: Traditional Rental vs. Rent to Own.</p> <p>Chapter 3: Tenant-First Rent to Own: An Overview.</p> <p>Chapter 4: Building Your Network.</p> <p><b>PART 2: FINDING A TENANT.</b></p> <p>Chapter 5: Who Are the Candidates for Rent to Own?</p> <p>Chapter 6: The Secret Is the Tenant-First Strategy.</p> <p>Chapter 7: The Tenant Application Form.</p> <p>Chapter 8: Qualifying Applicants.</p> <p>Chapter 9: Doing Your Due Diligence.</p> <p>Chapter 10: What Credit Bureau Information Can Tell You.</p> <p>Chapter 11: The Financial Analysis Spreadsheet.</p> <p><b>PART 3: FINDING AND PURCHASING THE PROPERTY.</b></p> <p>Chapter 12: The Tenant Finds a Home.</p> <p>Chapter 13: Financing the Rental Property.</p> <p><b>PART 4: THE PAPERWORK.</b></p> <p>Chapter 14: Various Agreements and Option to Purchase.</p> <p>Chapter 15: The Deal Closes.</p> <p>Chapter 16: Tenant FAQs.</p> <p>Chapter 17: Worst-Case Scenario.</p> <p>Appendix 1: Checklists.</p> <p>Index.</p>
<b>Mark Loeffler</b> is a savvy entrepreneur who realized early in his life that he wanted to be his own boss. After considering a number of options, he decided that real estate would be his vehicle to financial independence. He started out as a traditional investor, buying properties and finding suitable tenants. But then he hit on the idea of rent to own and has spent years refining his rent-to-won strategy and building a network of properties and experts across Canada. Mark is a sought-after speaker and a Gold Member of Canada's top real estate investment network, REIN. Now independently wealthy, Mark shares the secrets of his rent-to-own strategy with investors, lawyers, and mortgage brokers who are keen to learn about a hands-off investment that offers positive cash flow and consistent ROI. Look for Mark's weekly e-newsletter, "Secrets of Savvy Investors" and be sure to visit his web site <a href="http://www.theversatileinvestor.com/">www.theversatileinvestor.com</a><br /> Mark resides in the beautiful High Park neighbourhood in Toronto with his wife and young daughter.

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