- Cracks in the foundation
- High levels of Radon
- Flooding
- Electrical problems, and more.
Here's a quick video explaining what is covered with Home Insurance
Russell & Diana de la PeñaTenantBuyerList.comDirect: 310.736.7173 |
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Typically when you sell, "Rent-to-Own" through our program, our tenant/buyer will have to be responsible for the first $5000 in any/ all repairs of the house in exchange for the Option rights. A good idea for you to consider to overcome any potential objections you might get (though rare) is to purchase an affordable Home Insurance (HOI) policy to cover both of you in the event a home inspection by the tenant/buyer (also rare for some reason) reveals:
Here's a quick video explaining what is covered with Home Insurance In his excellent book, The Outliers, Malcolm Gladwell explains that becoming great at
something requires you to invest 10,000 hours (that's 20 hours a week over 10 years) mastering the subject or skills. Why should you care? Well, if you're like most investors, you've invested at least that much time trying to master a particular form of passive income investing. Yet you haven't been able to really make it work, have you? (Which means that you've likely spent 10,000 precious hours - or more - of your life.) You might be tempted to try another form of investing. Lots of investors jump from asset to asset, telling themselves that the next one will be "THE" one that will finally produce the passive income they want. But that means investing another 10,000 hours. Do you really have that kind of time to waste? Probably not, and that's why I'm writing... There's actually a time-proven formula that the world's top investors use to evaluate, pick and structure their passive income investments. Had they been using this formula, these "unlucky" investors would have realized that the deals they were making were practically doomed to fail. You can learn more about this formula in the complimentary training video my friend and colleague, George Antone, a leading thought leader on passive income creation, created for you. You'll discover:
managing partner at a private equity company in the San Francisco Bay area, and founder of WealthClasses.com, named one of the fastest growing education companies in America in 2012 by Inc. magazine. He's also the founder of the largest network of private money lenders in the world. So trust me when I say ... If you haven't been able to produce the passive income you want, you'd be very smart to close your door, turn up your speakers, and invest 20 minutes right now to watch the video. Here's the link again I want to make it easy for you to get the vital information you need to make less risky and more successful investment decisions in the future ... so you can recoup your losses and finally create the passive income streams you deserve. Watch the video now to learn what you should consider before you invest another dime (or minute) into passive income investing: Click Here to Watch Dedicated to your success, Russell & Diana de la Peña TenantBuyerList.com P.S. Most investors also make a critical mistake when it comes to structuring their portfolios. Discover what this mistake is - and how to fix it - when you watch this content-rich training video here: Click Here What difference does it make when you sell on a Lease-Option v. a Land Contract (A.K.A. Contract for Deed)? What are the main differences between the two and how does it affect each part involved?
Lease with an Option to Buy ("Rent-to-Own"):
Russell & Diana de la Peña TenantBuyerList.com "How to Get Your Full Asking Price & Pay Zero Commissions or Fees."
Selling successfully on a "Lease-Option" often means giving great terms to get a better-than-market price for your home. Lease-Option tenant-buyers buy for 4 general reasons. They are:
Needless to say, Lease-Option buyers are willing to negotiate a higher price for your home, in exchange for "forgiveness" with one of the above mentioned items. Obviously, you never want to put someone in your home that is a blatant risk of not paying or destroying your home. So the key is to do what banks used to do to qualify potential buyers: Manual Underwriting... This is true whether you are selling your home, "rent to own" or just renting it. You should look at your prospective renter-buyer's entire financial picture...not just their computer-generated credit scores. Banks and landlords with experience will agree with the above statement, since they know that credit scores alone do not tell the whole picture. In 2008-2010, there were many folks that banks would lend money to with "good credit scores" only to have them foreclose shortly thereafter. Whoops... And many landlords, who do not want to be landlords, often pass up on doing a Lease-Option, because they assume all tenant-buyers have bad credit and will destroy their house. So they decide to remain landlords, fix leaky toilets and roofs, continue to pull their hair out, and grow to dislike real estate more and more. Whoops... We recommend you not take this path. If you're going to say, "No" to doing a Lease-Option, at least do so after you've fully informed yourself first, so you don't miss out. Learn more about the Pros and Cons of selling on a Lease-Option ("Rent-to-Own") here. Allow us to custom-design an offer that will combine with your specific needs and wants. We think you'll be glad you did. Click here to learn more now. Sincerely, Russell & Diana de la Peña TenantBuyerList.com P.s. If you'd like to learn how you can get your full asking price, pay no fees or commissions, and do it all in just 7 to 14 days, give us a call or click here now.We'll see you on the other side. |
Russell & Diana de la PeñaWe are nationwide real estate investors specializing in creative financing helping both buyers and sellers achieve their respective goals. Archives
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Privacy Statement - We HATE Spam just as much as you do. We will NEVER use your name, email address or any other information you give to for any purpose except the development of an offer on your home. We value your privacy and will not abuse your trust and confidence. We at TenantBuyerList.com do not represent anyone but ourselves. We are not real estate agents or property managers, but private real estate investors and Internet experts. We act as principles in each and every transaction with an equitable interest in the property. We do not broker properties. There is no pressure to rent or sell your home ever. We are not attorneys or accountants and cannot provide you with any legal or accounting advice. We ask that you seek the counsel of a local attorney and/ or your account in your area. - TenantBuyerList.com Investor Team
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