rent: Rent To Own?
- 01/08/23 04:24 PM
Every once in a while I get a question about how a Rent to Own home works. I usually have to give myself a refresher since I have never been in a Rent to Own transaction. While doing some online reading I came across an article in Realty Times that I thought I would share regarding Rent I own, This article is very basic but I hope I hope it provides you with the information to better understand it, As Always, seek guidance from a Real Estate Professional as well as a Real Estate attorney before venturing out in your own.
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rent: Should I or Should I??
- 07/16/22 09:29 AM
That's the question people are faced with when considering renting vs buying. With all that's going on with the economy, rising prices, rising interest rates, not to mention gas, oil, and energy costs it is easy to see where the concern and confusion are coming from. All on top of a devaluing stock market, crypto, and now even gold and silver. It is my belief, and the majority of Americans' belief, that Real Estate is the best investment/purchase people can make. With rents skyrocketing that is money you can kiss goodbye.. My son was looking for a new apartment and it would … (15 comments)
rent: Continue to Rent OR...
- 08/07/19 08:06 AM
...Purchase a home? That's a question many are asking these days. There are as many reasons to rent as there are to purchase a home. We all know that Real Estate ownership has been considered to be a hard asset vehicle to establish wealth. On the side of owning... there is a real sense of comfort knowing you have a sense of permanence and stability. The article below lists...
5 Powerful Reasons To Own Instead Of Rent Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land … (12 comments)
rent: The Age Old Question...
- 05/04/19 09:07 AM
...Rent or Buy? There are many reasons why people choose to rent rather than buy. That being said, for wealth generation, real estate ownership has been king for quite some time. There is no correct answer on whether to rent or buy. Assess your situation and choose what works better for your situation.
The Cost Of Renting Vs. Buying This Spring [INFOGRAPHIC] Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the … (8 comments)
rent: A Millionaires Advice...
- 02/19/19 05:49 AM
Piggybacking on to my last post with regards to renting v. homeownership. Every situation is different yet I have found the advice of those that have paved the way to be concrete.
Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One! In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that … (22 comments)
rent: Does Homeownership Really Matter?
- 02/19/19 05:22 AM
To rent or buy?... That's an age-old question. I get that question all the time from people that rent. It all depends on their situation BUT Real Estate ownership is the hands-down best way to produce wealth. Your rent dollars just fly out the window and are gone forever. Why Homeownership Matters Now More Than Ever Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) … (12 comments)
Is renting really a trap? I agree, at the current time, owning is cheaper than renting and has certain tax advantages renters do not have. What I'm not completely sold on are reasons regarding rent increases when Real Estate taxes increase, for most, if not all, each and every year. Another area I'm not completely sold on is, renters being worse off in % of income being used for housing. Renters do not have maintenance expenses and many do not utilize renters insurance (which they should and they pay no Real Estate tax bills (I know, … (6 comments)
rent: Is Renting Cheaper...
- 06/19/17 08:12 AM
Than selling? KCM has shared an article from Trulia which purportedly shows that owning is cheaper than renting. Naturally, I always think it is better and less expensive to own your home instead of renting it. I'm speaking in generalized overall terms.
Buying Is Now 33.1% Cheaper Than Renting in the US The results of the latest Rent vs. Buy Report from Trulia show that Homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose … (8 comments)
There is more to life than Real Estate. My intention is to provide not only Real Estate information but items that we all face and experience in our daily journey through life.
Every once in a while I get a question about how a Rent to Own home works. I usually have to give myself a refresher since I have never been in a Rent to Own transaction. While doing some online reading I came across an article in Realty Times that I thought I would share regarding Rent I own, This article is very basic but I hope I hope it provides you with the information to better understand it, As Always, seek guidance from a Real Estate Professional as well as a Real Estate attorney before venturing out in your own.
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