Our friends in the American real estate investing community have been working with Rent-to-Own for years. Now, Rent-to-Own is getting more attention in Canada as a Creative Investing Strategy. Today we are featuring a guest blog post from Ashely Lipman. She provides a short summary of Rent-to-Own in the USA, upon which I’d like to share some thoughts for my Canadian readers.
This is what gives Rent-to-Own (a.k.a. Lease-Options) a bad name. The British Columbia real estate regulator issued a rare ‘Emergency Suspension’ to a BC realtor and his company. Briefly, the realtor allegedly looked for homeowners in foreclosure. Then he would buy the properties from them at less than market value and rent them back under … Continue reading Predatory Rent-to-Own? That Could Net You a $250,000 Fine!
Podcast Episode 80: “Rent-to-Own.” Rent-to-Own (abbreviated as RTO and often interchangeably called a Lease-Option) is a two-part strategy. You start with a lease (the ‘Rent’ part) and add an option to purchase (the ‘Own’ part). In a Rent-to-Own scenario, the renter is, for some reason, unable to finance at the moment. Examples of financing problems … Continue reading What is Rent-to-Own?
Podcast Episode 67: “Coaching Successful Lease-Options.” When a qualified tenant wants to be a homeowner, but can’t get a mortgage, investors can offer him or her a lease-option. This creative investment strategy is also known as rent-to-own. The trick is doing enough diligence on the tenant to make sure that they will be able to … Continue reading Rent-to-Own aka Lease-Options
Podcast Episode 45: “You Don’t Know What You Don’t Know.“ A new real estate investor managed to avoid a rookie mistake. He was about to enter into a rent-to-own agreement with someone, but the paperwork was so vague as to be useless. Luckily he brought it to me, and I told him to run! Download … Continue reading Rent-to-Own Fiasco
There is a special ingredient in the Rapid Cash Program that makes it different from other methods of real estate investment. What I call ‘Creative Strategies’ are little-known techniques for finding, negotiating, and making deals that are win/win solutions for common real estate problems—and that make money quickly.
Buy and hold is the standard method for property investment. But what if there was another way? Imagine the wealth you could create with advanced Creative Real Estate Strategies…
Veteran Canadian lawyer and investor Barry McGuire coaches people in Creative Real Estate Investing. Get a free 33-page booklet on Creative Investment Strategies when you sign-up for the Investor Lawyer newsletter.
Powers of Attorney are a great tool, providing flexibility and control in many Canadian real estate situations.
Making Alberta Real Estate Easy. RMLO Law LLP is a boutique law firm in Edmonton, Alberta, and our real estate department provides legal services to individuals, private businesses, and investors. Our mission is to offer our clients a unique experience that includes high quality legal work and effective results at a competitive cost, always applying … Continue reading Legal Services
Podcast Episode 81: “Agreements for Sale 2.” I introduced Agreements for Sale (AFS) in a previous blog post and podcast, and now it’s time to review with a bunch more examples. In essence, AFS is a type of seller financing and is sometimes called a bond for title or contract for deed. The seller retains … Continue reading Buying Property Without a Bank