Facts

You learned french so you can be a translator like i am making 60k a year

They don t want us to know this man , that s why

You learn different languages to learn about different cultures.

cнεяяү вlσssσм I had to learn French, it’s useful for when I travel into Quebec .

Mocha Gypsy my advice don't do rent to own

@@lbrown1192 if you dot ur eyes and cross your tees it can be a good system but you have to have a lawyer look over the papers

@@lbrown1192 Unfortunately not everyone has a 700+ credit score and bank rolls to drop on a home, thats the whole point of rent to own is to help the buyer with a lower level of credit and cash to get into a home and then work towards ownership by improving that credit and savings over the course of the lease.

@@HazardWolfCorp its easier to fix your credit and get first time homebuyer loan, closing assistance, a tax write off, mortgage insurance

Yep!

This world needs a fair and just system period.

THE MOTHER ON A SEA - SAW IS COUNTLESS MIS - REPRESENTATION HIDE THEIR NUMBERS LACK OF KNOWLEDGE MAKE US A TARGET OF MALPRACTICE IN HOUSING SOME PAY for YEARS ASSERT THEMSELVES an INALIENABLE RIGHT GETS RETALIATION JUDGE APPROVES by " OPINION " EVICTION NOW HARM SLUM DOWN HILL NIGHTMARE UNLAWFUL VS " RIGHT TO THRIVE " ( LAW ) THESE MOTHERS NEED TO STUDY LAW AND CLASS ACTION CROOKS OUT of HOUSING " INALIENABLE RIGHTS " WE ARE DUMMIED DOWN for EXPLOITATION CONGRESS SHOULD be on PUBLIC REPORT CARD HIGH WAGE BONUS for PERFORMANCE SERVE THE PUBLIC MY SUMMARY !

Rent to own buyers typically do not have the disposable income to afford an attorney to consult them on all the legalities of a real estate transaction. Too many nuances and there has to be an understanding of risk and additional costs before even talking with an attorney. Also, generally the reason people think about RTO is because they can't get a traditional mortgage which is due to income and savings issues. If you cannot save for a down payment, it is unlikely you have savings for quality lawyer.

Christian Cantarutti fax big boy

Christian Cantarutti yes that is true but like I said you can still come out on top if you can afford the property at the end of the term. I actually know someone who had a rent to own property. The tenant had three years contract. In those three years the property appreciate it 30k. Also during the three years he’s ROT payments were less then the actual rent. This time and extra income allowed the tenant to not only build up their credit to qualify for the loan but to also allowed them to save up for a down payment. At the end of the day they walked away with a house with 30k in equity.

quellem7 did They go through a program or Craigslist

@@christian_cantarutti legal insurance is like 25$ in ohio, I can call my insurer and say I need this type of Attorney and I have their service.

John Tibbetts right

John Tibbetts used knowledge is power. You can know things but if you don't apply what you know then it's been a waste just knowing anything

The “application” of knowledge is power

“Enter ye in at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat:” ‭‭Matthew‬ ‭7:13‬ ‭KJV

You are right. This seems like an add for their facility than informational video.

Don't do it.

leon glass eeeyup! 😂 but clearly this woman just didnt know better, she has kids so the only thing on her mind was getting into that house.

djmac productions Her excuse was ignorance it seems. Said she needed guidance. It was her own fault. I didn't know anything about home buying options either but I just went to the library read books to learn on my own then bought a home with no issues. This was in the early 90s and their was no internet. Today you have everything you ever want to know about home buying online,at the library,and I've even seen a community college course on home buying. People are just lazy. Anyone can have kids they can't afford. Why not challenge yourself and learn things.

Rent is better for most cases, ask your Math Teacher!

LOL

Abdul Rennane Most math teachers I know have rental property. The math looks good when someone else pays your mortgage and personal property tax.

So its legit? I have bad credit

Help me out

Help me out

@@JeurysPadilla try NACA, credit scores don't matter with them.

john doe People are to lazy and emotional to learn.

MsQueen Shelle I was thinking that as well... Boy was that over affordable.... Lol

MsQueen Shelle r

If it sounds to good to be true, be on guard! !!!

MsQueen Shelle she got off pretty damn cheap

Its markets like that in a few major cities in the U.S. Those homes are in some pretty bad areas but they exist. I live in Michigan, there are a WHOLE LOT of homes like that here. Most are in Detroit but there are a few that are not.

Yeah, it's called intrest.

Hi Ann, it's a big difference. The rent to own is based off what the seller what you to pay which could be way more than what it would cost you and you can't pay them off early as you can a bank.

It all depends on how the rent to own agreement is written. Like anything else, there are good and bad rent to own agreements.

The need to get it now, later won't do. Clout , credit or cash and or a seller willing to save as so the buyer 6% agent fees.

Im an investor in Philly and I think its great.

Of course an agent doesn’t recommend it. Agents aren’t involved in the process and therefore can’t nab themselves a commission.

By law can it be rented if it hasn't been inspected?

Vauban Schwarzwald how do you go about doing that don't you need the same amount of funding or even more

Vauban Schwarzwald That's not the best thing to do.

For potential homeowners that want to build - please do research on cost of building a home versus buying a pre-existing home. Pros & cons to each...

Why?

Lol. You still have to OWN THE LAND!!!

Thats what I thought.

no its not its ment to be a way to pay off your property to the owner over time the fact that they need you to get a loan devoids the positives of rent to own

No, Brendon, you’re wrong. You’re mixing up rent to own/lease options with owner financing. Lease Option is just rent with an option to buy the house. The tenant buyer gets to live in the house and tie it up so the seller can’t sell the property out from under the tenant buyer. You’re expected to go and get a loan at the end of the term or move on. Owner Financing means you’re financing with the seller directly, the buyer gets title and the seller takes a note, and all monthly payments usually goes towards the purchase price until it’s paid off. However, there are times even in Owner Financing where there’s a term (time limit) and at the end of that term the seller is expecting to be cashed out completely. At that point it is the buyer’s responsibility to either get a loan for the rest or pay all cash.

For real. How is that not suspicious...

No think about it like this..she pays for repairs taxes and everything..then finds out her house is up for sheriff sale..yet if she refuses to pay because of it she get taken to landlord court and evicted.. not all landlords are on the up and up

You should NEVER have to pay for upkeep and repairs on something you do not yet own.

@@TamiaPeach tell that to car insurance

Doubt it,you are a home owner once you fully paid of your home,the ba KS owns it in the meantime

very different

An option agreement that is recorded on the property at the courthouse is what you need. Also, what would motivate the owner to put 75% of your rent towards the purchase price? Are you paying over market rent? You need to structure a win win agreement, and have an attorney you hire be involved.

There wasn't need to scam people in a time that wages were livable. Now that minimum wage hasn't risen and cost of living is so high people are finding ways to quick money even if its scamming

Know the difference between Rent to Own, and Lease with Option to Buy. Best to speak to a Real Estate attorney first.

Shantele buy it the traditional way

Lease to Own can be your Best way to buy a Home! Banks are not lending to people without stellar credit ratings and 20-30% Cash down. So you'll have to wait until you have saved your $20,000 to $60,000 down payment in cash and have a Great Credit rating, with little or no debts. Buying on Rent to Own or Lease Option can get you into a Home with blemished Credit and less money down, however you must be follow the rules of the CONTRACT. In particular, make your payments On-Time, be responsible for your own home repairs (like with actual home ownership). You must work on fixing YOUR credit rating too during your lease period so if your credit is below average, you can fix it to qualify for the mortgage loan that you will need to buy the house at the end of the Lease or RTO period. With Rent or Lease to Own, you in essence agree to Rent now (because You don't qualify to buy a House the traditional way today), and Buy, at your Option, in the future by getting your own mortgage loan, (depends on the terms of tbe agreement, say 2 to 5 or more years of lease term etc.. This is not rocket science but sellers should make sure the buyers fully understand the agreement. (Your Option deposit to buy is similar to what a down payment would be if you were buying with a traditional mortgage. And, a fair Lease to Own agreement will give you Rent Credits for every month you pay on the lease over the term of the agreement. In today's economy, RTO/LO (rtolo.com) Home buying can be the best, sometimes, the Only way to get started buying a Home for 30% of the population. We are an Honest and Fair Rent/Lease to Own Co., we can successfully help New home buyers 'Lease to Own' homes. Waiting to Buy a Home by renting and waiting for to qualify for a Bank Loan could cost you many years of time, thousands of dollars and lost family memories. Avoid the Horror Stories! Questions on finding the Best Lease to Own Homes in your area? We can Help, just reply with your comments or ask for Free Details!

LASVEGAS GEORGE There are financial institutions that offer 100 percent financing without down payment. BUT you have to have great credit and reasonable debt to income ratio. If you have more debt than income, you will get denied.

Josephine Mauro They are technically the exact same thing just with different names...

darren schulz 😲 sooo true!

darren schulz Was it banks or mortgage companies? The reason I went to a bank for a mortgage was to avoid this.

Mortgages being transferred means almost nothing to you as a home buyer. Banks know how to handle these. Rent-to-Own agreements being transferred to a new owner while you rent creates ugly situations.

chaon93 Yeah it means nothing until they make mistakes. Going through four mortgage companies in less than three years is too much. And Bank of America and a few others were horrible during the Great Recession and housing crash with home mortgages. One of the reasons I was so motivated to paid off my 30yr. mortgage in less than ten years.

Why not? She ended up happy doing a proper rent to own. Did you watch the last part of the video?

steve mitchell In a R2O situation, the tenant-buyer is simply making rent payments not mortgage payments. In the situation you describe, if there is no predecessor to facilitate the role of a Seller if & when the TB pursues a mortgage and completes the closing transaction to transfer deed to their name or some legal entity, the initial payments would not get applied to the original Mortgage lender and in that case, the bank would foreclose on the property and the TB would eventually be evicted due to no fault of their own. Even if rent payments are made in full & on time.

Wealth Creation what does it make any sense to me I've seen a lot of properties and homes be empty for even years.. for what I feel because property owners don't want to lower the rent to a reasonable lower rate... I have heard and seen of a lot of businesses go out of business because the rent is so outrageous and then the building stays empty not for months we're Talkin years and years...

steve mitchell That is a problem with the owner not doing proper research on the avg rents in the area. If a house is too high to rent, Vacancy will become a factor.

Put the deed in escrow and file a memorandum of the option. You want to give constructive notice.

Those are the kind of questions you have to ask your lawyer. oThat’s why you must have a legally binding agreement on file with the courthouse. A good real estate lawyer will cover all the bases but you need to make sure for yourself by asking questions. I have learned to do my own due diligence.

I went through a loan officer in Dunwoody, Ga and my purchase was legit without a scam to pay an extra $100. You might wanna use my loan officer.; they help me big time.

@@LeadmeGuideme777 I'm suppose to sign again tomorrow and I hope they will have their Clay David (shit) togather. kzfaq.info/get/bejne/l96ArcZirNXFimQ.html

darren schulz - yah, and Wells Fargo? They have been in the news a lot.

yeah coz its just so easy to get a loan lmao

stroke? Praying for repairs , insurance, and everything is normal Do you know anybody that pays a mortgage or bank for the house ? Well guess what ms? The bank or mortgage which really are the owners are not going to come fix the furnace if it breaks in the middle of winter. (You will freeze) Nor fix your roof , if you are paying for the house. That's your problem, From the time you sign those papers you're responsible Missy. And usually. The mortgage is for 30 years. And guess what. Let me hit you with a reality check. You have to pay full cover insurance in which if anything was to happen to the house. Guess who gets the money first? (No, not you with you toddler) the bank does, yes,,,, they don't care. About you... you can be homeless. For what they care.. So that landlord did good .. which there were more Landlords like him. Cause that was a good deal

Sharon Arrendale If your credit is good & you want to ultimately buy a house, you should just find a mortgage broker or go to your bank ask about how much you qualify for in order to purchase a home. Then, once pre-qualified, find a good real to help you find a home that you like AND is within your budget. R2O are designed for Tenant-buyers that have not so good credit and dont immediately qualify for a mortgage.

I mistyped...I meant to say find a good RE Agent to assist you in finding available properties that you want to buy.

@@MJ-le3yn you don’t know what you’re talking about

If you can find a livable home , talk to the owner about it. Get all term’s notarized.

Look for forclosures.

@@Michelle-pn9xt I bought a home cash for $23k In Coleman Tx. I’m happy.