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Investors Who Lease to Own/Rent To Own

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Uploaded by on Nov 24, 2010

http://LeahCoss.ca
Hi everyone. How are you? It's Leah Coss with the Mortgage Center. I wanted to appeal to those of you who have been toying around for a while getting into the real estate market as an investor. Now perhaps you've gone to lots of seminar's, you watched a lot of shows on TLC and all these other ... Home Flipping, Home Buyer, house hunter type shows. But you're just not sure which way to go, what's the safest way. Which way is just going to appeal to your palate in terms of investing.
Well, I wanted to give you an option, that will help you make some money, which is always nice. Is one of the more safer options out there, which is definitely nice when it comes to real estate. But also one that will really help you out in the soul.
I work a lot with people who are looking to lease to own properties. I've talked about this a lot in my other blogs. What this is is where we find a family who is in need for some reason of a house and can not qualify on their own.
There are lot's of different reasons on why they cannot qualify today but will be able to qualify one, two, three years later. For example, I've got a family where the wife had cancer and so the husband took time off. Obviously the wife couldn't work, their credit got a little bad because they missed a lot of payments and because of that they want a home.
She's better now which is fabulous, and they want a home. But they can't get into one today because of their credit and they just need to buy time. There's also families where perhaps the dad lost his job or perhaps he's decided to start his own business and so he needs some history behind him.
Neither is divorce and credit got mashed up that way. Maybe somebody started a business and it failed and their credit got messed up that way. There's many, many, many reasons on why peoples credit gets mashed up. And often times a lot of the reasons is people just don't know because nobody actually told them.
And it's not always just credit, sometimes people can't come up with enough down payment. They could be new to the country, there are so many different reasons on why people can not get into a home today. But, with coaching will be able to get into a home a couple years from now.
What we allow them to do is I, as their broker, assess their situation and determine in one year, two year, three years from now this is how much they will potentially qualify for. And then we find an investor to buy that home that they want in that price range for them. There's a lease to own contract.
Your margins are already built into it in terms of what you make. And you get to make money, it's a real estate investment deal. It's much safer than buying and flipping, even buying and renting. Because of that, you're also helping out a family in need.
So, it helps on both plateau's which is always something nice, kind of a bonus. Especially when it comes to something greedy like investing. So, I wanted to appeal to anyone who hadn't quite made that decision as to what direction they want to go in investing in real estate. Give me a call.
I can help you evaluate whether first of all how much do you even qualify for to buy an investment property. No matter what strategy you go in. And if you do want to find out more information about lease to own, I myself am completely separate from that, but I can put you in contact with people who do it on a everyday basis. This is how they make their living.
They can help you with the in's and out's and kind of go from there. So, Leah Coss with the Mortgage Center. If you're looking to be a real estate investor whether it be lease to own or any other strategy and you just want to know how much you can qualify for, please give me a call.
Especially if you want to help out some families in need I'd love to talk to you and refer you to some people who can help you get started. So, Leah Coss with the Mortgage Center, my contact info is all over this screen and hopefully I'll be talking to you soon.

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