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Lex

"Real Estate Investor, Speaker and Mentor"
  • 2 Helpful Answers
  • 7 Answers
  • 1 Listing
Other Pro at Distressed Real Estate Institute, LLC.
About:
Lex Levinrad has been a full time distressed real estate investor since 2003. He has been involved in buying, rehabbing, wholesaling, renting, and selling ... show more

Rent to own...How does this work?

Lex answered:
Our rent to own program in Port St Lucie works like this:

1. Put down 5% deposit (5% of the purchase price)
2. Pay the same amount as rent for 12 months
3. At the end of 12 months or anytime during the 12 months you can buy the house
4. If you buy the house, then the 5% that you put down goes towards the purchase price
5. I pay all closing costs.
6. If you are approved for the first time FHA home buyer program then there are no more costs
7. We pay all closing costs
8. If you buy before the end of the year you get an $8,000 tax credit

Why pay rent when you can rent to own. If you are interested in rent to own homes in Port St Lucie call Lex 561-715-1768 - Sun May 24 2009, 12:35

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