Mostly we look for house owners who have strong motivation to sell. And we can always find a win-win arrangement that benefits all parties; especially, if you don’t need to cash out yet but would like to have regular monthly cash flow via a lease, and be willing to consider selling at the end of the lease period year.
Houses Types We Lease and Buy
We are always looking for a house to lease on a long term. We focus more on nice single family houses. These are frequently 3-bed and 2-bath detached, semi-detached or freehold townhouses in good locations. Currently, we are buying houses in Ontario while looking to expand into other provinces.
How We Buy Houses
The length of the lease term depends on mutual agreement with the house owner and may be anywhere from 2-7 years. That said, it is not uncommon to have a 10-year lease term.
In addition to the standard leases, we also enter into an option-to-buy agreement or a lease purchase agreement for the house. The option to buy agreement allows us to exercise the option to buy the house at the end of the lease term. That means that we can also choose not to buy at the end of the term.
Lease purchase agreement is different, however. It guarantees that we must buy the property when the term of the lease ends.
To guarantee the deal pour deal with the house owner, we make an option payment which goes toward buying the house, but which is non refundable should we decide not to exercise the option to buy the house when the lease term ends.
Benefits to Landlords
Our strategy is a win-win for everyone concerned: owner and investor. And we assure you that we would not do anything that would deprive any party from benefitting. For you as the owner, the benefits of dealing with us include:
First, we free you from the headaches and hassles of maintaining a property and managing a tenant. Thus, with fewer headaches and less overhead you have nothing to worry about.
Secondly, we do all the paperwork and marketing involved. As we are not agents, you do not pay us anything. It comes free of charge.
Furthermore, there is the issue of security. You are in safe hands as this is our business. We are in it for the long haul not for quick money. As experts in the field, we guide you to make intelligent decisions with your house.
In addition, your monthly rent is paid at the prevailing rate for your area. You get current market value for your property, plus a non-refundable option payment of 1- 3% of current house value paid upfront.
Besides the above benefits, you also get a guaranteed written offer in 2 - 3 business days. Our offer guarantees to buy your house at the end of the lease, or the non-refundable option payment becomes yours.
You deserve a chance to own and keep your home or transfer ownership as you deem fit. Don't lose your home because of a bankruptcy or an impending foreclosure. You can count on us to help with a win-win solution.
We know that divorce can be a very tasking time in a couple's life. We are here to help take away some of the stress as we guide you to make intelligent decisions with your house. As well, we make it fast and easy for you by giving you a written offer in 2 - 3 business days.
Tenant Issues/Away Landlord
Are you out of town and having issues with managing your property? We know living away from your property may be challenging for you as a landlord. Or, you are just simply tired of tenants. Whatever the issue, our team has the experience and expertise necessary for the solution you need.
Next Steps for a House Owner
To see how we can tailor a win-win solution for you today, get in touch with us. We would be happy to come by to see your house if we would be interested in it. To get started now, reach us by clicking HERE.