All Forum Posts by: Tom Fitzsimmons

@Russell Brazil Thank you for the candid honesty here, even in the last 3 days I've looked around at what is possible on the DMV on the rent to own strategy and it's rare, so 4 out of 50,0000 does not sound like great odds, at least in the DMV. 

@Jon Puente This is awesome feedback! I have heard similar horror stories about owners going back on their word, and proper legal contracts were not set up ahead of time to protect the renter who was expecting to own in whatever the time period was. 

I appreciate the end thought of saving up for the downpayment, or figuring out a way to get my name on the title. 

I'm leaving the rental lifestyle, and plan to buy. I have been looking into the Rent to own strategy, since it does not require such a large downpayment. I'm looking in Arlington and Alexandria VA to try this strategy.

Any Realtors / investors who have experience in the rent to own space? I'd love to pick your brain! 

Will in in San Diego the week of Oct 2nd and would love to attend. Please shoot me a message and I'd be happy to buy an unused ticket off you! 

Thanks Kyle, 

This is really helping me! Happy to jump on a call to connect! 

Thanks Jordan, it does! I'm adding to an ongoing list of questions since my relator connected me to their lender. This is my first experience with a lender, and I am now asking more of these questions to get the ball rolling!  

What are some questions I should be asking a lender? I'm a first time home buyer... 

So far I have:

- Are their any first time home buyer grants I can take advantage of in my state? (I'm investing in Maryland)  

- Are all title and transfer fees paid by the seller? 

- Is the interest Rate variable or fixed? 

- Are there any penalties for making multiple payments a month or paying off early? 

Any thoughts and or experience would be much appreciated!