Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

Account Closed
  • Earth
1
Votes |
12
Posts

How to Wholesale a "rent to own" Property

Account Closed
  • Earth
Posted

Hello BP!

How do I make an profit as a wholesaler, finding a deal for a family looking to rent to own only?
either through a FSBO or Broker?

Most Popular Reply

User Stats

22,059
Posts
14,127
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Be realistic. There's very little money on the table in a typical "rent to own". The option fee might be 3% or some such. The landlord/seller is going to want that cash to go into the deal. Even if they give you half that money you're getting 1.5% of the purchase price.

Sellers who are selling with a rent-to-own situation are either investors who know what they're doing or desperate sellers who are willing to jump through a few hoops to get rid of their property. Only the latter needs your help. It sounds like you're been contacted by someone who wants to buy a house with a rent-to-own deal. Do you have some desperate sellers that would do such a deal and give you a cut of the up front cash?

If not, and you're going to start searching for such a deal, is the tenant/buyer willing to pay you out of their own pocket if you find something?

Wholesaling means finding good deals and passing them along to investors. If you want to deal with retail buyers, or, in this case, tenants, why not just get licensed?

Loading replies...