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Updated over 5 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Liam Silva
  • New to Real Estate
  • Canada
3
Votes |
20
Posts

Rent To Own Business (Ontario, Canada)

Liam Silva
  • New to Real Estate
  • Canada
Posted

Long time lurker and thanks all for the learning! Need some more learning on the below and prefer Canadian knowledge (thanks in advance). 


I am interested in a model where buyers are screened before properties are found. With their qualifications set from the screening portion, then properties are sought after with favorable terms to your screened buyer(s) and you (Question: Are you a screened buyer first or property first investor and why?). 

Ideally having abilities to acquire properties and dispose of properties with all available tools [lease option, traditional finance, subject-to, owner finance, contract for deed, rent to own, (any others?)] is what can make you strive in either a buyer or sellers market. (Question: Which of the tools do you use to acquire and dispose of your property?)

Maintain relationship with buyer and set up buyers with a financial plan to have a greater chance to exercise the buyers want of the property to live in (and keep your business ultimately rolling). (Question: Do you maintain a continuing relationship and financial plan to increase potential of contract fulfillment?)

I understand you have to narrow your efforts to one acquisition and disposition method so you can build upon it and grow the business to fully capable so that any deal can be made. (Question: Which do you recommend to learn and master first?) 

Thanks all for the help!

Most Popular Reply

User Stats

687
Posts
369
Votes
Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
369
Votes |
687
Posts
Roy Cleeves
  • Residential Real Estate Broker
  • Kitchener, Ontario
Replied

It seems to me that the best way from that is to do a Rent to Own.  You have a lot of control because the Buyer is screened first before being accepted for the program.  You also select the home with Buyer's agreement so that you know that you are getting a great home in case they default and don't complete the sale.  And you end up with excellent cashflow under a rent to own.  Then once they buy, you do it again - find another rent to own tenant.

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