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We Have Nothing But Positive Things to Say About The #Vacancy Rate in #GrandRapidsMI When #reale…

22 Jan , 2016  

We Have Nothing But Positive Things to Say About The #Vacancy Rate in #GrandRapidsMI

When #realestate  is THIS good all across the board, you know you're a lot closer to your goal of home ownership, whether you're in an RTO scenario, or just renting out of an apartment. Vacancy rates play a major role in the health of the real estate economy, but not every city can have that low percentage.

A low percentage means tremendous interest in properties, buyer motivation, and homeowner longevity. People are paying their mortgages, paying their rent-to-own payments. And apparently Grand Rapids, MI, shows that in their astonishing vacancy rate of just 1.8%!

That's among the lowest in the nation, and just to put in contrast for you…. Detroit has the highest (that city's sitting on a vacancy rate of 12.1%).

Grand Rapids Home Values » Blog Archive » 5 Reasons Why Grand Rapids, MI, Real Estate Will Soar in 2016

We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …

Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

One Thing to Know About the USDA Mortgage Loan: Take a Look at Your Income

22 Jan , 2016  

Don’t get us wrong, though: the USDA mortgage is quite the secret in the real estate market. Just check this article out for yourself. If there was a way for someone to get a home loan approval fast and easy, it would be the USDA. But there are certain guidelines to keep in mind.

Keep an Eye on Your Income and Your Debt

It’s called the debt-to-income ratio. How much debt do you have? Is it ruining your credit? Do you need Lexington Law or Independent Credit Solutions to help you through those muddy waters? Good. Do it. But bear in mind that if the debt, plus the mortgage amount, just happens to be over 31% of your actual monthly income, the specific loan might be a no for you.
The VA program, another mortgage program out there, sticks to the similar rule: 41% is their measuring stick. Jumbo mortgage loans, the conventional ones, however, tend to stick to lower ratios overall given the assumption that when you take out a home loan, you’re entrusted to pay it every month despite whatever debt you already have.

And That’s What the Mortgage Guideline Is For:

It’s to protect you from buying a home that might be too expensive. When debt continues to drown you out, foreclosure commences. That’s something this real estate market won’t want given the growth we’re seeing in down payment averages and home prices.
So what should you do? Get on the right path, and without a doubt, the USDA mortgage loan might be your best bet, because it has plenty of benefits! Clean up your debt. Fix your credit. Sign up with the HOPE Program.

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Condominiums,Credit Repair,HOAs,Home Mortgages,Home Renting,Home Selling,Land Contracts,Landlords,Real Estate Market,Rent-to-Own Homes,Taxes

#ITPN   #Taxes  #Finance #RealEstate #Business #Investments

22 Jan , 2016  

#ITPN   #Taxes  #Finance #RealEstate #Business #Investments

Income Tax Planning » Blog Archive » The 1031 Exchange: Building Bigger Houses of Cards

We’re sure many wonder just how people get rich: tenacity. That’s the only way we can describe it. It all boils down to how you buy a candy bar for a buck and then sell it for two bucks. Simple as that. Increase the scale as high as you want to go, and you have a major money maker on your hands.

The post #ITPN   #Taxes  #Finance #RealEstate #Business #Investments appeared first on The Complete Real Estate Site.

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Credit Repair,Home Renting,Real Estate Market,Rent-to-Own Homes

The Current State of the RTO Home Industry: a Continuing Trend

22 Jan , 2016  

Read about any of the reviews regarding the Ultimate Rent-to-Own Home Program, this list of rent-to-own homes, and an aggregate system for RTO properties, and you’ll know right away: the RTO home industry is still as popular as ever….

The News in Today’s RTO Home Industry Might Surprise You, Though: Wall Street’s Getting in on the Action

You heard correctly: even high-profile firms are seeing the value in the RTO home industry. Rent-to-own makes more than the mark. It’s seeking to revolutionize the housing market regarding credit repair thanks to recent developments on one of the most prolific rent-to-own companies — aside from the prestigious organization the H.O.P.E. Program — a “little” corporation known as the Home Partners of America (HPA).

But before we get to the goods on what’s going on in this RTO home industry with respect to the HPA, let’s understand exactly what rent-to-own is all about:rto home industry-1

What Is Rent-to-Own? And Why Would You Want This Option?

Forget the negativity of an option that is rent-to-own and realize that there’s a direct benefit not just for the homeowner, but the home buyer here. All sorts of rent-to-own programs existed through small operators became the rage back in the ’90s as a way to provide an alternative to consumers who may not have a whole lot of cash saved up for a sizable down payment on a mortgage. Understandable. However, almost as quickly as the RTO home industry started seeing some gains, the trend declined due to easy lending choices with no money down — which, as you know, most definitely contributed to the unfortunate housing crash in 2008!

Essentially, the RTO home industry was all about negotiating a deal between the homeowner and the potential home buyer to rent the home for a specific length of time with an option to buy later down the road as credit improves and the home renter saves up enough money for a possible down payment. Sounds good, obviously, but there were cons to the RTO home industry, such as a higher rent and purchase price the longer they rent vs. the fact that those potential home buyers get to lock in that home at a price (which could be a negative, too) and try out the home and neighborhood to see if it’s a great fit for the individual or family. In a sense, the RTO home industry provided something rarely seen in the housing market: flexibility.

rto home industry-2Enter: the Home Partners of America

Given the fact that lenders nowadays are setting the bar so high, what with credit scores being the make-or-break deal in securing that mortgage loan, it’s now a sure thing: the RTO home industry’s rising again, and for good reason. The HPA sought to target this market that hadn’t seen any development for years since the crash, and it looks as if they’ve nailed a chance to stimulate the industry and get people into homes without issues of foreclosure or decline.

This is how the HPA operates — you’ve got a consumer looking for a home (obviously, a rent-to-own home) and collaborates with a real estate agent. Of course, the HPA has literally an empire of approved communities in suburban locations with solid school systems for families; additionally, prrices range from $100K to $725K, so you’re looking at an RTO home industry that blankets the entire range of possibilities for home buying.

What happens, of course, is the HPA then actually purchases the home from the seller, leasing that home to the prospective consumer. The deal is the consumer becomes a home renter with the actual right to purchase the home after a set period of time. There is an expectation that the home renter has to work on repairing credit for approval of a home loan as well as saving for that down payment, but here’s the catch: the longer that home renter is renting on the property, the more they may have to pay just to buy the house. Interesting trade-off. But with the right rent-to-own resources, and education on the RTO home industry, while it may benefit the homeowner, you’re looking at a great option for the home buyer!

Are There Any Examples We Can See on the RTO Home Industry Right Now?

If you were to go on the HPA website, you might see a home shown at a listing price of $449,975 in Chula Vista, CA, with the option for a potential home buyer to purchase at a price of $472,035 just after one year. Now after five years of renting, the home buyer would be looking at a $573,762 purchase price — a 28% markup from the original listing.

Sounds bad, yes — but when you’re informed of the stipulations beforehand and you know what to expect, without rto home industry-3even worrying about whether or not a bank will approve a home loan for you — for many families out there, that’s a great deal! Security. Insurance. Assurance. Those are now the main assets in this housing market, thanks to the RTO home industry.

How Does That Compare to Home Renting and Mortgage Payment Averages, Though?

Given the rising prices in our market at the moment, it’s not far off the apple tree — but make no mistake as those potential home buyers will be paying a premium due to a rent-to-own. Your typical 30-year conventional mortgage for the exact same listing in the example would go for just $1.8K. Now with an average single-family rental payment of $2.270K/month in San Diego, this is what the prospective homeowner’s paying extra for — the lock-in for buying that home without any chance of it falling through. Something many people see in the real estate market, for good reason (we, after all, don’t want to see another housing crash, right?).

A sparkling credit score, and a good down payment: that’s typically what we end up seeing in a traditional mortgage, something that doesn’t always work out for the average consumer. So, naturally, a chance to repair credit while living in the home, plus potentially getting the loan at the lease option to buy with zero down, just might be worth the extra price in rent, don’t you think? And here’s an even better benefit for that home renter: the tenant isn’t required to buy!

Interest in the RTO Home Industry Is Still Steadily Growing….

The HPA isn’t the only organization seeing a profit in the RTO home industry. Home LPC in NYC and Premium Point Investments have also thrown their financial hats in to see if there’s a profit to make in buying these properties and renting them out with a lease option to buy. More and more homes are being bought out for the purpose of rent-to-own; and due to the flexibility not only for the seller/company as well as the renter/buyer, it’s quite hard to see any disadvantage.

You just have to remember one important point when it comes to the RTO home industry — you need to know where to look, what to do, how to do it, and someone to help you do it all the way through. Something that may actually come a little easier for a prospective homeowner than saving a ton of money for a down payment and getting that mortgage approval….

The post The Current State of the RTO Home Industry: a Continuing Trend appeared first on RentToOwnReviews.

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Home Mortgages,Home Renting,Real Estate Market,Rent-to-Own Homes

4 Top Retweets for Mortgage Industry Developments

10 Nov , 2015  

The mortgage landscape changes almost on a daily basis, people! And you don’t always have a newspaper on hand, nor can you haul a television with you everywhere you go. What do you need? You just need a Twitter update to get the goods on mortgage industry developments — because, since you’re here on the RTO Consultants website looking for help in finding the right rent-to-own home, you’re obviously interested in what’s going on with the real estate market and industry.

But Why Twitter? How Can Twitter Provide the Inside Look at Mortgage Industry Developments for Today?

It just so happens that we have some relevant retweets on what’s been happening in the news for mortgage industry developments, and the keyword is this — retweet. That means the news are circulating the Twittersphere, and not just anybody’s passing the information on. The very best real estate professionals today are doing it. They’re tweeting, retweeting and “favoriting” literally every day. That should tell you something.

But don’t take our word for it; check out these retweets on mortgage industry developments right now:

And That’s Only the Start When It Comes to Social Media Excellence in Real Estate

Twitter’s chock full of information from all the key real estate players you can expect, so it makes sense especially if you’re in the market for an RTO home. Want to know what’s trending? You get on Twitter. Get on the entirety that is social media, in fact. You can do it on your tablet or phone while riding a train or sitting at the park, too.

Take advantage of the technology. Because one thing’s for sure — you’ll be ahead of the game in terms of finding the best deals, the best properties, and the best people to work with for an industry that requires the most collaboration. Social media does it best.

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Credit Repair,Home Renting,Rent-to-Own Homes

Independent Credit Solutions: an RTO Consultant’s Dream

30 Jul , 2015  

We have to admit that most likely your RTO consultant specialist’s easiest job is accessing that qualified list of rent-to-own homes, negotiating with a prospective homeowner/landlord, setting up a showing, and getting you, the new homeowner, into that home. It’s an easy deal. What’s not that easy, though (although your consultant won’t sweat much either on this) is getting you the credit repair services, if necessary, to prepare for the moment you exercise that lease option to buy. It’s essential. independent credit solutions-1You need credit repair, and improvements with your score don’t just happen by osmosis. Plain and simple.

So What Can You Do? You Get Independent Credit Solutions in on the Game!

Make no mistake: the rent-to-own consultants know the deal when it comes to credit repair already. It’s part of the job. Since, though, the BBB A-rated H.O.P.E. Program learned about this brand-new credit repair service, Independent Credit Solutions, as reported in this press release, let’s just say the options are plentiful, and it just makes the job that much easier for your own consultant to ensure you get into that home.

Everyone’s loving the idea, to be honest. H.O.P.E.’s pretty proud of it. Sites like Nationwide Property Values and the Complete Real Estate Site have voiced their opinions about how crucial credit repair really is to home ownership with their own stamps of approval on the new service, Independent Credit Solutions, so it’s pretty clear — you win. Everyone wins.

It’s Important That You Ask Your Consultant About Credit Repair

Even better, go ahead and put in an inquiry with Independent Credit Solutions and get started right now on improving your credit score. Don’t wait. Because when you get to that point to sign on the dotted line to own your own home, the question will be this: will you get that approval, or not? A credit score of 640 or more will definitely ensure the positive!

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Home Renting,Landlords,Rent-to-Own Homes

Assisting Renters: How It All Begins With a Rent-to-Own

20 May , 2015  

Don’t knock the home renter one bit. Because that’s the start of a journey toward home ownership when you think about it. Name one person out there either in college or fresh out, and that person will tell you: home renting was how it all began. You learned about maintenance, utility bills, even home improvement, and you certainly learned how to negotiate like a real estate Jedi master, so clearly home renting’s very much like training for home ownership. Hence that’s why this little comprehensive site called Assisting Renters makes such a dent in terms of resources for the everyday home renter looking to advance the lifestyle and living for the ultimate preparation: a rent-to-own home, or perhaps even a zero-down mortgage.

Some Reviews of Assisting Renters to Watch Out ForAssisting Renters image

It’s all pristine and viral, nothing but positivism in this real estate cyberspace, so you know you’re dealing with the essentials: everything from home security, to credit repair, to identity theft protection, to entertainment needsEverything. And being a member gives you access to these resources for free, and many of these resources are of little to no cost to the potential home renter or soon-to-be homeowner.

But don’t take my word for it. Read up on these reviews:

And that’s just the beginning, honestly.

You Can Never Have Enough Assistance. Or Consultation.

You can expect plenty more content on services like Assisting Renters, and that’s just one resource out there that may help you. If you’re in the market for a rent-to-own home, though, one thing’s for sure: we can consult you, so contact us today, and we’ll help get you into that home as soon as possible. Heck, even Assisting Renters reviewed us, and they say we’re pretty cool!

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