buy and wholesale MLS properties with rent to own

 

How to Buy and Wholesale MLS Properties with Rent to Own – Episode #431

In today's show, you will discover how to buy and wholesale MLS properties with rent to own. This strategy gives folks who can't qualify for a traditional mortgage today a path to home ownership. This is a true helping hand for some potential homeowners. Listen in as Adam Zach dives into his unique business model for helping these folks.

 

[00:00 – 07:19] Opening Segment

  • How Adam got into real estate investing
  • His rent-to-own strategy was a pivot idea from fixing and flipping properties, day trading, and starting his own business
  • Banks have private mortgage insurance for FHA loans which he couldn't get but he found three companies that offer rent coverage insurance

 

[07:20 – 12:34] Unlocking Financial Opportunities for Self-Employed Home Buyers

  • Insurance can be placed on any single-family home or apartment with a corresponding premium amount
  • Renters pay a monthly fee of 3,000 and get 300 back as rent credit towards the purchase price of 320,000
  • Real estate agents can use this as a financial tool to help clients who are self-employed or whose deals are about to fall through

 

[12:35 – 22:51] Buying Homes Virtually and Providing Investors with Cash Flow

  • Investing virtually across the United States, with a focus on the Midwest to Southeast
  • If a tenant-buyer cannot exercise their option, liquidation or finding another tenant-buyer is suggested
  • Investors are taking on the risk of appreciation or shared appreciation

 

[22:52 – 30:17] A Three-Step Process to Get Creative and Succeed

  • List existing homes for rent
  • Buy homes contingent upon signed lease
  • Find people first

 

[30:18 – 31:12] Closing Segment

  • Connect with Adam through the links below

 

Quotes:

 

Connect with Adam!

 

Want to Learn More?

Connect with me through my website, Instagram, and LinkedIn.

Or you can send me an email at sharon@sharonvornholt.com.

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

Learn more about this podcast on iTunes or Stitcher.

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