Lease Purchase AKA Rent to Own is another creative way to purchase a property

Are you in the market to purchase home? Bad credit can cause some troubling headaches throughout the entire lending process. Lease purchase is a great solution in your situation, especially, if you don't have significant savings. This technique will let you get into the property right away with reasonable contribution. An experienced investor should be able to structure the deal so that you can buy out the property you are leasing in 6-24 month.

This is what we do for our buyers who are on Lease Purchase program. First of all, an action plan is created for them. There are several points that have to be considered: those are credit, income and asset information.
Usually income is most important matter that we look at. We never put a buyer into the property if he or she cannot afford a monthly payment.
Derogatory items on the credit are often overlooked as long as buyer has a reasonable explanation like health problems, prior loss of job, divorce etc.
Savings is another important qualifying factor. If there is not enough money saved up by the candidate then we will structure a deal in a way where buyer will have enough to purchase the property by the end of the lease term. It can be done in several ways, such as sweat equity, credit back from each monthly payment and seller’s contributions towards purchase.
Before buyers get into the property, they know exactly what has to be done in order for them to purchase it by the end of the term. Everything is negotiated and locked upfront into contract: purchase price, monthly payment, credits, seller contributions, time frame and deposits.

Most our properties are available for Lease Purchase program please visit http://www.molotinc.com/Inventory/Inventory.html to see if you are interested in any of our properties. Keep in mind that the terms are negotiable.

Sell real estate quickly with Seller Financing aka Owner Financing

An alternative form of financing is owner financing aka seller financing. This means the owner participates in financing the buyer’s purchase of the property, either in whole or in part. There are several reasons an owner would provide financing:

· To assist buyers to purchase the home, particularly when real estate market is down

· To collect the interest — rather than commercial lenders being the beneficiary and get higher return on investment

· To bring the real estate up to marketable condition, such as a fixer-upper

How buyers will benefit of owner financing; an arrangement such as
this could give them the home at a good market price, perhaps with
little down, at a lower interest rate than with conventional financing.


How Sellers will benefit of owner financing; the sellers sell their homes at market value much faster and get an excellent return on their money.

Look at our inventory most of ours properties have a Seller Financing option.

Call us for details (407) 375-6052

Down Payment Assistance

Down Payment assistance program can benefit both sellers and buyers.

Advantage to the sellers:

It helps sellers to attract more potential buyers and sell their homes faster. The average time to sell a residential property in today’s market is approximately 6-8 month. By using this program sellers will be able to attract more buyers just because more buyers will be able to get financing.

Advantage to the buyers:

It helps to qualify for the mortgage to those buyers who don't have enough money for the down payment and closing cost. Also, it helps buyers to get better terms on the mortgage and substantially lower monthly payment.

Example:

$200,000 – Market Value

$175,000 – Seller needs to net from the sale of the property

$25,000 – Amount of equity to work with.

Buyer is approved for $180,000 loan amount form ABC Mortgage Company. Buyer needs $20,000 for down payment and $5,000 for closing cost.

Down Payment Assistance Company will wire a private contribution of $25,000 to the buyer checking account before closing for down payment and closing cost. Down Payment Assistance Company's fee is 10% of the contribution or $1,000, whichever is greater. In this case, the fee is $2,500 because it's based on a $25,000 contribution.

Down Payment Assistance Company gets paid back through the settlement statement as a payoff to their collections account for the full amount of our fee ($28,000). Down Payment Assistance Company is not a mortgage or a loan company; there is neither shady side deal, nor any silent second. There are no amortizations tables or terms to use the program; it's just a service with a fee. The seller does not net the $28,000, therefore there is no capital gain on that money, and no 1099 are issued. This is a completely legal and legitimate transaction, where everything is disclosed. Parties are totally independent in the transaction, which are HUD and RESPA compliant. It’s a truly win-win for everyone!

Most properties in our inventory are eligible for this program. Please visit http://molotinc.com/Inventory/Inventory.html to check our inventory.

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