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Real Estate Lease Option Danger
Why are real estate investors having so much successoffering "rent to own" homes? Lease-options offer home ownership opportunitiesto folks with little cash and not so hot credit. Oh boy, there are plenty of those around. Both parties in a lease-option deal are counting on thebuyer being able to qualify for a home loan before the option expires. The investor wants to collect his profit when theoptionee buys. The optionee wants to own the home. During the lease period the renter/optionee must be working to improve their credit score to the point where they can qualify for a loan and buy the home. Even though there is plenty of subprime loan moneyfloating around at the present time... the lease-optionmethod of acquiring a home seems to appeal to many. In our own investing program.... Before we accept someone for a lease-option deal we have them interviewed by our friendly loan broker. He gives us thumbs up or thumbs down on whether our prospective buyers has achance to qualify for a mortgage loan loan during the next 12 to 24 months. It would be unetical and dishonest to enter into alease option deal with a couple whose credit could neverbe cured even with a miracle drug. We are not aware that it has happened, but we fully expect to see a lawsuit filed against some careless investor who does a lease option deal with someone whose creditis beyond redemption. That renter/optionee has been lead to believe he can buy thehome and when he finds out he can't we are sure somehungry lawyer will rush to their rescue. We can visit that investor in jail and bring him a copyof a "no money down" book with a file hidden inside. About The Author - Mark Walters is a real estate investor and author. Hispublished works can be found at his web site...http://www.CashFlowInstitute.com
MORE RESOURCES: Investors are piling into real estate as values skyrocket by up to 38%. 13 metros with the highest gains, and 25 that are plunging. Business Insider Gorgeous 131-acre estate near Sacramento for sale for $5M. Step inside decked-out home Sacramento Bee Down Payments Are Dropping From Historic Highs—See How Much Homebuyers Can Save Today Realtor.com News Will builders start lowering agent commissions? Real Estate News Real Estate Transactions, Oct. 21 edition Hopkinton Independent See September real estate trends in The Woodlands area Community Impact Take a look at the nine Palm Beach properties that sold for $39M or more in the off-season Palm Beach Daily News Buttoned-up real estate exec goes all out for Halloween The Atlanta Journal Constitution Lebanon County real estate transfers, sponsored by Reliable Moving and Storage (Oct. 1 to Oct. 15) LebTown AI Becomes Real Estate’s New Landlord PYMNTS.com Global Real Estate Streaming Service WPC TV Begins Platform Construction The World Property Journal Predictions of a stronger market during seventh annual St. Louis Commercial Real Estate Summit REjournals.com News | Social infrastructure real estate manager agrees £80 million financing with HSBC CoStar Group Metro Milwaukee retail real estate market softens in Q3 BizTimes Milwaukee Palm Beach's summer saw multiple high-end home sales. Is a busy real estate season ahead? Palm Beach Daily News NAR hit with another lawsuit over ‘forced membership’ Real Estate News Denver Borough residents may see real estate tax, water rate increase in 2025 LNP | LancasterOnline NAR, 4 brokerages ask court to toss out Homie suit Real Estate News Central Mass. real estate transfers, Sunday, Oct. 20 Worcester Telegram Are you buying a home in WA without a real estate agent? The Seattle Times Finding Extra Yield Potential in Real Estate Mezzanine Debt Institutional Investor Judge rules WA real estate investment firm ran Ponzi scheme The Seattle Times A danger foretold: NAR’s waning dominance Real Estate News NAIOP: Commercial Real Estate Sentiment Rebounds Mile High CRE Southeastern Wisconsin industrial real estate absorption slows in Q3, but market remains healthy BizTimes Milwaukee See how much real estate prices have changed in Sea Ranch in the past 5 weeks The Santa Rosa Press Democrat Berks County real estate transactions for Oct. 20 Reading Eagle Sale closed in Newton: $1.6 million for a triplex MassLive.com Bloomington RDC OKs $25K for real estate appraisals, preps sale to hotelier for convention center project B Square Beacon Ottawa County real estate transactions recorded Oct. 14-18 Port Clinton News Herald How Developers Are Catering to Would-Be Homeowners With Rental Amenities The New York Times North Central Board of Realtors serves as voice of real estate in Baxter, Marion counties - ktlo.com Crypto has designs on real estate Financial Times Alexandria Real Estate Q3 Revenue Rises The Motley Fool Former Brookfield Property CEO joins board of sports and entertainment real estate developer CoStar Group Guthrie installed as Midland Board of Realtors president Midland Daily News Ares Management Real Estate Secures $475M in CMBS Financing for Industrial Portfolio Commercial Observer What Is Unrealized Capital Gains Tax? Unpacking ‘Economy Killer’ Proposal On Ultra Wealthy. - Forbes Alexandria Real Estate Equities: Q3 Earnings Snapshot Danbury News Times Vietnamese real estate tycoon sentenced to life for billions in fraud in government graft crackdown The Associated Press U.S. Mortgage Rates Continue to Rise, Again The World Property Journal KKR Real Estate: Q3 Earnings Snapshot San Antonio Express-News Helen Mirren Lists 'Legendary' $18.5 Million Compound Yet Again (With a Huge Discount)—See Inside the Opulent L.A. Estate Realtor.com News Hocking County real estate transfers Logan Daily News Residential real estate roundup: D.R. Horton continues expansion of Triad presence Triad Business Journal Radio Real Estate 10/19/24 My Bellingham Now European P2P real estate yields average 10pc Alternative Credit Investor KKR Real Estate: Q3 Earnings Snapshot San Francisco Chronicle Ken Griffin's move to Florida means losing millions on homes he never even lived in Business Insider C-I Oct. 22, 2024 Real Estate Transfers pmg-sc.com What different election scenarios mean for real estate National Mortgage News |
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