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Rent-To-Own
Future HomeOwners: Get Pre-Qualified NOW!
Investors: Master the Rent-to-Own concepts & practices
The new 4031 Gaston Avenue project is described at the bottom of this page
The Rent-To-Own Process: A Recent Example:
1. You submit the Rent Pre-Application form to me.
2. You like the house at 1901 Windsor Avenue, Capitol Heights.
3. I buy the house ($65,000) and renovate the house ($15,000). The house is now worth $112,000.
4. You agree to rent the house from me for two years at $800/month, where you pay an $800 security/damage deposit, plus the first month's rent of $800.
5. You agree to the "Option to buy the house" within the next two years, at your price of $94,000 (16% less than the true value);
you pay now only the 5% Option Fee ($4,700), and agree to pay $9,400 as the down payment when you are ready to buy the house.
6. You love the house and you do decide to buy the house at the end of the first year (when your credit score has jumped up 60 points!)
7. Your Option Fee of $4,700 now is applied to the down payment of $9,400, leaving a balance of $4,700 on the down payment.
8. Your on-time rent payments for the first 12 months give you an additional credit of $4,800. Your downpayment is covered!
9. Your rent payment of $800/month is now your mortgage payment; or, you can buy the house from me using other money sources for the balance of $84,600.
10. You are now a home owner, living in the home that you chose, decorated the way that you chose, and with the neighbors and schools that you chose!
Forms: No Surprises. These forms are what you and I will sign together.
Online Rent-To-Own FastTrack Pre-Application Form
Download a Full Rent Pre-Application Package (Submit this package to get started on your new home!)
Download a Rent-to-Own Agreement (also called a LeaseOption Agreement)
(Submit this form after we've agreed on your rent, move-in date, and terms of your house purchase)
Email to me: INTL at Securenym.net
replace the "at" with @ for the correct email address
Rent to Own a home in Montgomery, AL, or surrounding areas
A summary of the process
1. You submit an application package to me
2. If approved as a person with a reputation for making good on your commitments, We work with you to get the right house at the right price
3. Your on-time rent payments count towards the purchase price of your home.
You can have a home that you choose, where you choose, in a price range you choose, with payment plans that you choose. You can own!
Credit score check (Do you pay rent on time?), employment references, and history are required, along with non-refundable option fee.
If you are serious about owning a home, and you want to make it happen, contact me.
Own a home!
Another Example: 4031 Gaston Avenue, Montgomery AL 36105
Why Rent? Rent-To-Own!
* $48,900. Buy Now!
* $640 / month. Rent-to-Own After Renovation. $2,500 Option
Half of rent money + all of Option money counts towards purchase
Why Rent? Rent-To-Own!
3-bedroom brick house (1100 ft2). I began its renovation and updating on Friday, August 1.
If you have friends who are handymen, you can save a whole lot of money. If.... you want a nice house for very little money.
Why not Rent-To-Own your house? Why not this house? Why not now?
Features: You save money with the heavy blown-in insulation. Your powerful attic fan + the giant wall-mount air-conditioner keep you cool in the summer. Safe, wall furnaces warm you in the winter. Large yard, Large garden and back yard, Large storage shed. Very nice neighbors and quiet, kid-friendly streets.
And, a Free Credit Repair Kit comes with your house!
Isn't it time for you to Rent-To-Own?
Send a Rent-to-Own Application form to me
You can own your very Own home! Let's make it happen!!
