Investor Sells Home For Double What He Paid
In 2005, Rent to Own simply did not work. In 2008 it will be a viable option for all of us.
Selling homes in this market is not easy, however our Rent To Own program has really
started to gain some traction. My investor bought this home for $54,000. He recently
accepted a rent to own contract at $112,900. The contract provides that the tenants have
24 months to close. This investor has dealt with tenant issues, an eviction and all the
typical struggles that all of us as investors go through. He realizes that real estate is a long
term investment and has continued to grow his portfolio. This project has been another
amazing success.