The Sellers Solution

Rent to Own - Rent to Buy - Lease Option

Full Price for Your House + Passive Income

A lease option (rent to own, rent to buy, or lease purchase) is the abbreviated form of the term, "lease with option to purchase". The contract is typically between two parties: the tenant (also called the lessee), who will occupy a house or apartment, and the landlord (lessor), who owns the property.

During the term of the lease option, the tenant pays rent to the landlord, and in exchange is permitted to occupy the property. At the end of the contract, the tenant has the option to purchase the property outright; the tenant would typically obtain the money to do this using a mortgage. In exchange for this option, the tenant pays extra money to the landlord, in excess of usual market rent. Excess rent may also be applied towards the eventual purchase of the property, or towards the down payment for a mortgage. In that case, the lease option works as an automatic savings plan for the tenant. Lease options are often used by tenants with a poor or limited credit history, who would not qualify for a typical mortgage. The lease option carries less risk for the landlord than a mortgage would for the lender. In the event of non-payment, the tenants may be removed through eviction, which is quicker and cheaper than foreclosure on a mortgaged property. If the tenant does not exercise the option to purchase the property at the end of the lease, then the money that the tenant paid for this option was wasted. This might occur if the tenant no longer wishes to purchase the property, or if the tenant wishes to purchase the property but is unable to obtain the financing required to do so.

Subject To

A subject-to transaction is a creative finance technique where we would take title to your property without procuring a note of our own. The transaction involves you leaving your existing financing in place so that we do not need to obtaining a traditional loan. This process is similar to assuming a loan, but differs because it usually takes place without the consent of the original lending institution. This technique allows us to purchase quickly without going through the arduous loan process.

Seller Financing

Seller financing is when a loan is provided by the seller of a property to the buyer, to cover part or all of the sale price. This process, also known as owner carry back or owner financing, is used in a variety of situations.

One way that an owner carry back would benefit you is, after the sale of your home, you would be receiving a steady monthly income. Another benefit is that you will be getting interest on your loan, which will give you an enormous gain in profit. In some cases, owners can avoid paying capital gains tax on the sale of their property by carrying back the loan.