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Rent To Buy All Locations : Nationwide Real Estate Advice

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Showing results for Rent To Buy [Clear search]
Mon Apr 15, 2013
Jose Novelo answered:
You can buy and rent at 18, but you need to be approved by owner/property manager or Bank in case if purchase. If you want, I can help you to buy, payments are lower than rent and the benefits of Home Ownership can not compare to rent.
On the other hand it is never to early to start, but just make sure you mention to the owner/property manager your dates to move in.
Good Luck
Find your next home at www.JoseSellsSanAntonio.com
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0 votes 3 answers Share Flag
Wed Apr 24, 2013
Marta M. Rosario P.A answered:
Hello,

You can google apartments for rent or you can go to grocery stores and get apartment booklets. The amount of rent it will depend on the are that you pick. You can always try to get some government assistant. Good Luck.

Marta M. Rosario
Charles Rutenberg Realty Agent
407-232-4333
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0 votes 2 answers Share Flag
Mon Apr 15, 2013
tonibriones answered:
If I should hear of some thing I will let you know. At this time I do not have any thing.
Thank you,
0 votes 2 answers Share Flag
Mon Apr 15, 2013
Linda Lorenzo answered:
If you own the land to whom would you pay the space rent? If it is not in a park of some sort, it is similar to owning a home on a lot. Unless you are in an HOA of some sort there should be no extra fees. ... more
0 votes 1 answer Share Flag
Tue Sep 22, 2015
Nan Brennan answered:
Hi Sarah,
One question, do you have a down payment? The larger the down payment the more likely you will be able to find someone to do a rent to own.
0 votes 8 answers Share Flag
Mon Apr 15, 2013
Shanna Rogers answered:
Hi Pierce1208,

If you sell your house for less than what you owe, it is a Short Sale. Your lender(s) has to approve the Short Sale and you have to prove financial hardship before they will approve it. It is usually 2 years before you can purchase again - unless you pay all cash. However, if you do a Short Sale (proving financial hardship) you wouldn't have the cash to pay all cash.

Shanna Rogers
SR Realty
www.RealtyBySR.com
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0 votes 6 answers Share Flag
Sat Apr 20, 2013
Maura Jarach answered:
Hi Dirk,

Most likely bet is a condo for immediate ownership and ability to rent out without living in the unit first. However, there are also a handful of midtown , tudor city and kips bay coops which allow investors only which fetch excellent rent.

Is there a particular area of the city which interests you & is this a cash purchase/ 1031 exchange?

LMK how I can help further !

Maura
Executive Director of Townhouses
M: 646-418-4150
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0 votes 9 answers Share Flag
Sat Feb 10, 2018
Lance King answered:
Commissions are always negotiable, but keep in mind that agents cannot reduce their commission rate without their broker's permission.

And I would add that hiring an agent based solely on their rate is not the best way to find excellence. ... more
0 votes 80 answers Share Flag
Thu Apr 18, 2013
Dean Gupta CRS answered:
Yes there few things can be in your favor. First live in the building yourself--so it is owner occupied. 2) then if you can show the Rental leases from 2 or three unit, then 60-70% of that income can be used towards your income and your qualifying could go up. But main thing here could be your credit scores. You may also qualify for city programs, down payment help too. There are 100's of programs are there and some fine prints are there. These rules and conditions keep changing virtually every month. So you have to work with a lender that you can trust. I can recommend you but you will have to call me. I probably can not give contact info in these write ups. Good luck. ... more
0 votes 24 answers Share Flag
Sun May 26, 2013
Ron Rovtar answered:
HI April: In this market you definitely have to sell the contingency. That means providing lots of information about the sale upon which the contingency is based. And I mean all information that can you can legally provide. Assuming there is a contract in place (which, of course, is not always the case in contingent sales), it also would be a good idea to promise updated information about the contractual deadlines as they expire. I think most people are more comfortable taking a small risk when they know exactly what is going on.

Best,
Ron Rovtar
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0 votes 4 answers Share Flag
Sun Jul 14, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
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0 votes 6 answers Share Flag
Sun Jun 2, 2013
Larry Story answered:
Scott,

There are plenty of areas that fit your criteria. I would stick to the larger metropolitan areas. There is the
Triangle area (Raleigh, Durham) , the Triad (Greensboro, Winston Salem, High Point), or Charlotte are the largest areas.

Hope this helps if you decide on any of these areas we can help you find what you need. Just let us know how we can help.
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0 votes 3 answers Share Flag
Sun Apr 14, 2013
aripov.ergash asked:
Im a new in this area, and dont know locations wheres more profitable and comfor ... wanna know what is the steps to be a owner of ranch or farm>? Or should i rent first and buy after some ...
0 votes 0 Answers Share Flag
Mon Apr 15, 2013
Tim Moore answered:
Rent to owns are filled with problems and rarely ever work out. To make it work you MUST get a loan in a year or two or you LOSE all deposits and option money you put up. If there is a reason you can't get a loan now, why do you think you can in a year? Most people that can't now can't then either and then you lose money and start all over less the deposit you lost. Owner financing is not going to be as low as a bank is currently offering, so again why would you do it if you can get a loan and if you can't get a loan do you want to be paying someone 7-10% when your bank would offer under 4.5%?

Just rent and buy when you really can buy.

Good luck
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0 votes 4 answers Share Flag
Mon Aug 25, 2014
Lance King answered:
Thu Oct 24, 2013
David Norwood answered:
The HOA for 137 Solana is $190,00 per month. However, unless you are paying cash, it is not likely you will be able to obtain reasonable loan on a mobile home that is 32 years old. I would be less concerned about HOA fees and more concerned about buying a sound investment. It would be a better investment to buy a Single Family home, as you will be able to get loan with a down payment as low as 3% and a interest rate as low as 3.5% today.

Give me a call and I will be happy to find you a quality affordable investment or take a look at my web site to view all of the available homes in Paso Robles and the central coast at http://www.dnorwood.com/Pages/Paso_Robles_CA_Homes_for_Sale_Up_to_300K.aspx There are several homes available for under $200,000 near the lake without any HOA fees.

David Norwood – Central Coast Real Estate David@DNorwood.com 805-471-0828
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0 votes 4 answers Share Flag
Sun Apr 14, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 1 answer Share Flag
Tue May 7, 2013
Catherine Purcell answered:
Hello Scott,

I spent 40 years in Maryland and am now in MA. I would be happy to speak to you regarding condominiums in the Fort Meade area. Make sure you check the condition of tge financials with tge HOA or condo associations. Many are either bankrupt or close to. Even if you pay cash or go with Conventional financing, this can greatly affect your resale ability as the new purchasers will not be able to use government financing in situations where the condo fees are delinquent more than 15%. It i much different than in MA where the condo associations are stronger financially.
Watch out also for polybutelyene piping. This was used in many condo developments.

Areas around Ft. Meade are good for rental properties. I like Odenton, personally because it has easy access to DC and Ft. Meade.

Good luck!

Catherine Purcell
202 573-6035
617 456-1700 ext 116
catherinep@fairwaymc.com

Catherine Purcell

Catherine
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0 votes 5 answers Share Flag
Mon Apr 29, 2013
Tim Moore answered:
Go meet him and ask him to show you the property. If they can't or won't - RUN AWAY.
0 votes 8 answers Share Flag
Sun Apr 14, 2013
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright... ... more
0 votes 1 answer Share Flag
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