FlaRent2Ownguy
07-23-2007, 08:09 PM
Grrrrreaat Stuff,
The owners of real estate have now seen price declines for the first time in the last 4-6 months. After all, what has gone up 30 % a year for 5 years has to come down...
Anyway I digress..
Anyone has an opinion on why anyone would not want to get into that 1 or 1.5 million dollar waterfront home or high end townhome by my Rent to Own method? I would love to hear contrary opinions. ( Sucker for constructive input)
Instead of paying cash or even 20 % down ( $200,000.00 per million). Pay between 2.5- 5% down (option consideration-non refundable down payment). Then Rent for between 5-7K depending on the house with 50-100 % Rent Credit. Then close in a year.
Let that unused money (150,000.00 minimum per million) Work in the Stock Market..etc, etc Now thats leverage.
I have about 2 or 3 houses that would take that deal in a minute. As a Rent to Own Entreprenuer, I simply fail to see the downside.
For the Real Esate agents, I can pay 1 % at signing of the rent to own deal, then 2 % if itcloses. I still am getting resistance from the AGents, thats why I am asking here.
I have to pst more to get my link, but I have a good website that explains my program. Its not for just the credit challanged.. The rent credit is the key.
Thanks in advance for your input
The owners of real estate have now seen price declines for the first time in the last 4-6 months. After all, what has gone up 30 % a year for 5 years has to come down...
Anyway I digress..
Anyone has an opinion on why anyone would not want to get into that 1 or 1.5 million dollar waterfront home or high end townhome by my Rent to Own method? I would love to hear contrary opinions. ( Sucker for constructive input)
Instead of paying cash or even 20 % down ( $200,000.00 per million). Pay between 2.5- 5% down (option consideration-non refundable down payment). Then Rent for between 5-7K depending on the house with 50-100 % Rent Credit. Then close in a year.
Let that unused money (150,000.00 minimum per million) Work in the Stock Market..etc, etc Now thats leverage.
I have about 2 or 3 houses that would take that deal in a minute. As a Rent to Own Entreprenuer, I simply fail to see the downside.
For the Real Esate agents, I can pay 1 % at signing of the rent to own deal, then 2 % if itcloses. I still am getting resistance from the AGents, thats why I am asking here.
I have to pst more to get my link, but I have a good website that explains my program. Its not for just the credit challanged.. The rent credit is the key.
Thanks in advance for your input