Do you want to know that you have a rent to own tenant for your
property before you buy?
I have the answer for
you.
We build new construction homes that meet the needs of tenant families that are coming out of foreclosure. Every family is pre-qualified and has the opportunity for credit repair and budget counseling. These are good people that have had a bad thing happen to them.
We create a win-win scenario for both the tenant family and the investor. We involve the tenant in the design of the home including features and selection. When a tenant feels more personally attached to the home, they typically take better care of the home.
The tenant family signs a lease and a rent to own agreement BEFORE you sign the purchase agreement to build the home. You know all of the terms and what your cash flow and profit potential are before you take on any risk. The typical cash on cash return on investment if the tenant buys your home is 8-12% with the overall return on investment ranging from 30-50%. A potential exit strategy is created before you even get started.
Included in the home are the following
turn-key features:
- Stainless steel appliances including microwave
- Clothes washer and dryer
- Central air conditioning
- Custom oak hardwood floors in the kitchen and dining room
- Custom cabinets and trim work
- Cultured stone on front of house instead of brick
- Upgraded fixtures and lighting
- Upgraded carpet
- Concrete driveway
- Sprinkler system and sod laid for entire yard
- Landscaping
- Garage door opener
- Keyless entry
As the investor, you buy the home at a wholesale price. We don’t cut corners to make the price work, quality construction is extremely important. We’ve negotiated the lowest possible construction costs and we negotiate one deal at a time. The builder has a fixed profit regardless of what we build or where. If we can get a better price on a lot to build, that benefit goes directly to you.
We’ve also created a financing program that will allow you to use the equity in the home to serve as part of your down payment. This let’s you avoid mortgage insurance if you only have 10% or less to put down. This can only be done with new construction and we have the lowest cost mortgage programs around.
We have families that are ready to get started right now.
If you have any questions about this opportunity, please let us know. You can contact Rob Reinke at 763-242-6303 or rob@mnrealestateteam.com and John Tschida at 612-282-6040 or john@mnrealestateteam.com. We look forward to hearing from you.
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