Last night I had yet another opportunity present itself. I had a conference call with a company based out off Surrey, BC and they specialize in rent to own properties. They help train you adn set you up with all the resources needed to make sure you succeed in growing your wealth through rent to own deals. This company will allow me to add one more option to my quickly growing real estate investment options.
The idea behind a rent to own property is putting people who can't get a mortgage on their own, whether it be because of credit issues or what ever, into a NICE property. Not a run down old beater, but a nice, attractive property that they will be proud to call their home. IT begins with an upfront lease option fee and then a little larger monthly rent where a portion of that monthly rent gets put towards the down payment on the property at the end of the rental option.
While the renter is paying his monthly rent to you, you also set them up with a credit councilor to help them improve their credit during the time they are renting from you.
It's a win win situation for you as the owner/landlord and also the tenant/buyer.
If you know anyone looking for information on properties like this or if you are interested in learning how to create a monthly cashflow through rent to own properties, feel free to email me.
scott.weller@shaw.ca
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