If you have ever wanted real estate riches with also dreaming of being able to help out people who have ran into a few bumps in the road along their way but are still generally good people who have fallen on bad times then you can consider other type of real estate investing in which you can purchase houses and then put together a lease to own agreement with people who can not get any financing to buy their own house right now.
This kind of real estate investing is a very good way to make money while you are helping out other people and there can be many other benefits to this type of deal also. First of all, renters have no stake in a house that they are renting. For this reason you can often find out that renters have very little regard for damage that happens to the house, beyond how it can affect their own security deposit. Those who have dreams of one day owning the house however are much more likely to take much better care of the interior and exterior of the house they are renting. This cab means better chances that the value of the house will actually grow during their time that they are renting whether they go on to decide to purchase or not. I will talk more about leasing to own in future posts.
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