Investing in Rent-to-Own Property (eBook)

A Complete Guide for Canadian Real Estate Investors

Mark Loeffler (Autor)

eBook Download: PDF

2010
288 Seiten
John Wiley & Sons (Verlag)
978-0-470-67892-3 (ISBN)

Infos

Investing in Rent-to-Own Property 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.

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:

* How to identify properties

* How to carry out due diligence

* Smart financing strategies

* How to market your system and attract interested tenants-homebuyers

* How to identify and choose tenants-homebuyers

* The rent-to-own contract

* Obligations of the investor to the tenant-homebuyer

* Obligations of the tenant-homebuyer to the investor

* The team of experts: agent, lawyer, lender, home inspector, accountant

* Exit strategies

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.

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.

Investing in Rent-to-Own Property 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.

Autor

Mark Loeffler 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 href="http://www.theversatileinvestor.com/">www.theversatileinvestor.com Mark resides in the beautiful High Park neighbourhood in Toronto with his wife and young daughter.

Inhalt

Acknowledgements.

Introduction.

How to Use This Book.

PART 1: GETTING STARTED WITH RENT TO OWN.

Chapter 1: Rent to Own: An Overview.

Chapter 2: Traditional Rental vs. Rent to Own.

Chapter 3: Tenant-First Rent to Own: An Overview.

Chapter 4: Building Your Network.

PART 2: FINDING A TENANT.

Chapter 5: Who Are the Candidates for Rent to Own?

Chapter 6: The Secret Is the Tenant-First Strategy.

Chapter 7: The Tenant Application Form.

Chapter 8: Qualifying Applicants.

Chapter 9: Doing Your Due Diligence.

Chapter 10: What Credit Bureau Information Can Tell You.

Chapter 11: The Financial Analysis Spreadsheet.

PART 3: FINDING AND PURCHASING THE PROPERTY.

Chapter 12: The Tenant Finds a Home.

Chapter 13: Financing the Rental Property.

PART 4: THE PAPERWORK.

Chapter 14: Various Agreements and Option to Purchase.

Chapter 15: The Deal Closes.

Chapter 16: Tenant FAQs.

Chapter 17: Worst-Case Scenario.

Appendix 1: Checklists.

Index.

Produkt-Details

• Erscheint lt. Verlag: 5.7.2010
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Schlagworte: Business & Management • Immobilien u. Grundbesitz • Property & Real Estate • Wirtschaft u. Management
• ISBN-10: 0-470-67892-5 / 0470678925
• ISBN-13: 978-0-470-67892-3 / 9780470678923