This is a letter that was sent to me. I don't need this service but perhaps you could call and see if this company can serve you.
Would you be interested in doing a rent-to-own (lease with an option to buy)
with one of our tenant-buyers if there were absolutely no costs or
obligations to you?
Tenant-buyers make the best renters, and all repairs and maintenance are
passed onto them.
We specialize in rent-to-own transactions in Maryland and have been doing them for about 9 years.
None of our tenant-buyers have ever paid more in rent on a monthly basis than straight renting. In fact, the monthly payment on our rent to own transactions is actually leas than straight renting, and the option price is set by current MLS comps, so our buyers don't pay anymore on the price of a house than someone that is ready to buy now.
Also, we don't work with any distressed sellers, so none of our sellers are upside down on their mortgage or behind in payments. Rent to own is definitely something that many people don't understand and confuse it with a lease purchase and seller financing, all very different types of transactions.
The primary difference between rent to own and straight renting is that there is a non-refundable down payment due upfront that counts 100% towards the purchase price of the home, so we definitely don't recommend doing rent to own unless you know you want to ultimately buy the home you are moving into.
Also, we do encourage you to speak with a mortgage broker and get your tri-merge credit report pulled, as we do pull credit before placing anyone into a rent to own transaction. It's imperative that we know upfront what (if anything) needs to be done with your credit, what your debt to income ratios are, and if you income will support your future mortgage payment when you get your loan to purchase. We do help with credit repair and nearly all of our tenant-buyers need to enroll into credit repair to ensure your scores are where they need to be at the time of purchase.
You can check out our website at http://www.BuyBaltimoreProperties.com and we have a frequently asked questions section at http://www.BuyBaltimoreProperties.com/faq. Also, feel free to email us with any questions about rent to own at info@BuyBaltimoreProperties.com.