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Welcome
to Rent 2 Own !!! A Licensed Real Estate and Mortgage Brokerage Company!!! As a full service Property Management, Real Estate and Mortgage Brokerage Company, we offer many special tools and programs as well as many years of experience that can make your dreams a reality. Our Company and a team of partners offer programs that are very hard to find, programs like Owner Financing on New Construction and newer resale homes are now available in Orlando, Saint Cloud, Kissimmee, Davenport and Poinciana Areas. We offer a number of different programs that cater to all and every individual situations as well as our costumer needs. Simple programs from NO MONEY DOWN to NO QUALIFY FINANCING are Now available!!! |
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This
Particular program allows you to lock the price of the house with your down payment and
while you live in your home we help you to fix your credit and prepare a portfolio for
your refinance - purchase 12 to 36 month later. Rent 2
Own
helps you to clean and rebuild your credit, raise your credit score, establish home
payment history and many other items required by the banks in order to obtain financing.
The buyer must have to keep their current position and employment in the same line
of work for at least 2 years. The change of employment might jeopardize your loan, but if
you planning to make changes please let us know prior to making them. Employment stability
is the second most important factor that bank will be considering for review. In the event
buyer provides a larger down payment in excess of 7 – 10%, buyer will be eligible to
receive a credit of $50-100 dollars per months towards their down payment or closing costs
for each month leased, up to 24 months. Credits can be higher for higher price ranged
homes. For example if your house price is $100,000 dollars and you provide a down payment
of $7,000 to $10,000 thousand dollars, for 24 month you will receive a credit towards your
purchase, which could add up anywhere between $1,200.00 - $2,400.00 dollars. For Example:
$100,000 house less $7.000 down payment less $2,400.00 credit = $90,600.00 owed to
the owner in 2 years down the road. Imagine if average single-family home around Disney
area increasing from 7 - 13 % a year, it could be $7,000 - $13,000 a year equity profit on
average per year. What does that mean to you? ..... if you house is worth $120,000.00 in 2
years from now, and you only owe on the house 90,600.00 you have almost $30,000.00 dollars
at your disposal, just by making monthly payments. Most of the people don't make that
in a year by working a full time job!!! As you can see, at the end of the period you have
plenty of money as well as good credit, to be able to get many choices on your mortgage
loan from many banks for your beautiful home. Please do keep in mind that this particular
program is a basic lease option and or lease purchase agreement contract that provides
protection not only to the seller but to the buyer as well. Flexible
Rent To Own This program allows you to purchase any home out on the market with 10 - 15 % down. What does that mean? Rent - 2 Own and its partners will buy you any home of your choice that is available on the market right now and will hold a mortgage for an individual, of up to 7 years before the buyer has to refinance. As long as the buyer can afford the monthly payments and provide forward a 10 - 15% down payment of the purchase price, buyer will be able to purchase the house on the NO Qualify Terms!!! Seller Rent 2 Own Program This particular program is designed to meet any circumstance and or scenario that the investor may hold. Rent 2 own program allows sellers to secure the sale of their property by getting cash money down upfront and at the same time achieving a secure transaction situation or scenario, with the buyers relieving the investor and or seller party from their liability. In
various instances Rent 2 own program allowed investors to gain additional benefits
like positive cash flow for the duration of the term as well as interest and depreciation
tax benefits depending on investor financing obtained, while at the same time still
creating and providing attractive terms and or opportunity to potential buyers.
Previously, our Rent 2 own program has shown dramatic results to investors by
allowing a complete liability relief to seller party of total PITI (Principal, Interest,
Insurance and Taxes and HOA (Home Owners Association) obligation. Scenario House 1975 2 Bed / 2 Bath 1 car garage 980 sq ft bought for $100,000.00 US Dollars Down Payment of 10% and mortgage Principal balance of $90,000.00 at 30 year amortization with a rate of 7.5 % yielding a monthly payment of $629.30 not Including Taxes, Insurance and HOA (Home Owners Association) Buyer / Client 5% down = 5,500.00 and $875.00 a month not including Taxes, Insurance and HOA (Home Owners Association) with a locked price of $110,000.00 US Dollars less 5% = 5,500.00 and 104,500.00 due at closing. Return 24 months later $88,276.37 is owed on the property and the property’s new appraised value @ 10% appreciation is 111,000.00 with buyer paid total rent of 21,000.00 and the seller pay out of total PI (Principal and Interest) is $15,103.20 resulting in $5,896.80 of positive cash flow. Total return = $16,223.63 plus 5,896.80 in positive cash flow = $22,120.43 not including RENT 2 OWN, INC COMMISSIONS AND DUES. OUTLINE As Mortgage broker finance company we do realize that this is an almost 22 % return on bank / lender borrowed money, RENT 2 OWN, INC does realize that this estimate is not including closing costs to obtain this type of financing on the above mentioned Real Estate Transaction. However, we do hope and assume that a seller contribution was made. Rent 2 Own’s goal is to unite seller investors and their representing parties with borrower / buyers and their representing parties providing a successful marketing communication network where all parties are able to gain and maximize their return, as well as successfully promote and close their transactions. Flexible RENT 2 OWN
This type of program enables Rent 2 Own to bring forward a potential client / buyer to an investor with the (client / buyer) requesting to out right purchase a particular home that is not within Rent 2 Town’s network. This type of scenario would yield any investor being able to achieve a secure like, lease back situation generating cash money upfront, positive cash flow for the duration of term as well as certain equity proceeds in the end of the term, and or tax benefits on the below given transaction / scenario. SCENARIO1975 2 Bed / 2 Bath 1 car garage 980 sq ft bought for $100,000.00 US Dollars Down Payment of 10% = 10,000.00 plus 5% = 5,000.00 for closing costs with mortgage Principal balance of $90,000.00 at 30 year amortization with a rate of 7.5 % yielding a monthly payment of $629.30 not Including Taxes, Insurance and HOA (Home Owners Association) Buyer /
Client 10% down = 10,000.00 @ $750.00 to 875.00 a month depending on the negotiated term of length not including Taxes, Insurance and HOA (Home Owners Association) with a locked price of $110,000.00 US Dollars less 10% down payment = 10,000.00 and 100,000.00 due at closing. Return Please note that the returns are maximized in various ways depending on investor
financing obtained as well as subject to future seller and buyer negotiations This particular scenario is set to show a 30-year amortization schedule. It is by
far more attractive to obtain a 40-year amortization schedule on the borrowed funds and
escape an interest only product (unless both products are allowed by the lender) and by
same token still increasing your monthly positive cash flow as well as still pay down
towards the principal balance, just not as at accelerated rate as shown below. Equity
and return proceeds schedule 12 month later $89,170.39 is owed on the property =
$829.61 24 month later $88,276.37 is owed on the property = $1,723.63 36 month later $87,312.95 is owed on the property = $2,687.05 48 month later $86,274.73 is owed on the property = $3,725.27 60 month later $85,155.91 is owed on the property =
$4,844.09 72 month later $83,950.24 is owed on the property =
$6,049.76 84 month later $82,650.97 is owed on the property =
$7,349.03 96 month later $81,250.83 is owed on the property = $8,749.17
Positive cash flow
proceeds @ 750 a month Positive
Cash Flow Generated Return Schedule 12 month later $1,448.40 24 month later $2,896.80 36 month later $4,345.20 48 month later $5,793.60 60 month later $7,242.00 72 month later $8,690.40 84 month later $10,138.80 96 month later $11,587.20 Paid
to lender @ 629.30 per month 12 month later $7,551.60
24 month later $15,103.20 36 month later $22,654.80 48 month later $30,206.40 60 month later $37,758.00 72 month later $45,309.60 84 month later $52,861.20 96 month later $60,412.80
Collected
from Buyer @ 750.00 per month 12 month later $9,000.00 24 month later $18,000.00 36 month later $27,000.00 48 month later $36,000.00 60 month later $45,000.00 72 month later $54,000.00 84 month later $63,000.00 96 month later $72,000.00 The returns are depending on the number of months the private financing was held for. The equity proceeds from the initial sales price locked and the lender principal balanced owed would belong to the seller financing held party With buyer paid total mortgage payment not including Principal, Insurance and Taxes @ a rate of $750.00 per month does generate a certain percentage formula that applies to positive cash flow that can be changed either way depending on investor and lender negotiations as to what type of amortization schedule can be chosen. This scenario and schedule is so broad that it is impossible to discuss every lender and or bank program that is out there on the market. However what is evident that after an initial 10% return on the property’s purchase price a good conservative and attractive like situation does exist for both parties should they decide to enter into a transaction on a flex RENT 2 OWN program. This scenario does not include RENT 2 OWN rebates, COMMISSIONS AND or DUES. |
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