leasetoown: Lease-To-Own: How Much Rent Credit To Give
- 09/20/07 03:40 PM
I get quite a few follow-up inquiries from my various posts on lease-to-own type transactions. Following is one such recent inquiry, along with my responses (via e-mail):Question: I have some questions that perhaps you can help me with: a) given the condition of today's market, what percentage of appreciation should I apply to determine a future value for purchase by lessee? 2%? 5%? More? Less? Carol: We add 10% (for a 2 year lease option) regardless of market conditions. This is a very conservative 5% per year. Our investors look at this a little different than you do because they are looking … (6 comments)
leasetoown: Lease-To-Own: A Better Way
- 11/16/06 09:38 AM
O.K... here's the post where I will share what I think should be the future of rent-to-own (also referred to as lease-to-own or lease/purchase).... an intelligent alternative to a problematic area of real estate. As stated in my most recent blog entry (below), there are several reasons people seek to do a rent-to-own, and it's not all related to bad credit or irresponsible financial choices. But, whatever the reason, I utilize a responsible alternative what is truly a win/win for buyer and seller. My program prequalifies applicants based on income, not credit scores. We do review the credit report and credit scores, but it's not … (69 comments)
leasetoown: Lease-To-Own: The Bad Way
- 11/16/06 07:30 AM
Earlier in the week, Kristal Kraft created a blog post titled: "Rent-to-own... deal or no deal"It was an excellent article, explaining many misconceptions and problems involved with the rent-to-own alternative to purchasing a home. If you haven't already done so, I recommend you find time to read that article. Please bare with me, now, through my ramblings on the subject. As I got into writing this article, I realized it needs to be in two parts. When I come across a blog entry that is too long, I find myself skimming and probably miss some good stuff. So, I'm making it two articles. I suppose I could have gone … (11 comments)
I get quite a few follow-up inquiries from my various posts on lease-to-own type transactions. Following is one such recent inquiry, along with my responses (via e-mail):Question: I have some questions that perhaps you can help me with: a) given the condition of today's market, what percentage of appreciation should I apply to determine a future value for purchase by lessee? 2%? 5%? More? Less? Carol: We add 10% (for a 2 year lease option) regardless of market conditions. This is a very conservative 5% per year. Our investors look at this a little different than you do because they are looking … (6 comments)
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