On this episode of The Most Dwanderful Real Estate Podcast Ever, to topic is Rent to Own deals and how to do them right. The concept of Rent to Own is not that different than Owner Financing from last week, but the distinction is that you retain ownership of the property with Rent to Own. You have your tenants in the property sign lease and option documents as well as an agreement specifying the terms of your deal, then you take a down payment from them that will become their option money later on.
If they end up not buying from you at the end of the agreement, that option money is yours to keep and you can turn right back around and start a new Rent to Own deal with new tenants. While Dwan has done plenty of these deals, she prefers Owner Financing more, and she explains that you might prefer different real estate investment options at different points in your life. The key is to just try a lot of different things to see what you like best and take Dwan’s advice by listening to the podcast and joining the membership site at Dwanderful.com.
By becoming a member and taking advantage of the 2-week free trial, you get access to the LIVE Coaching Calls every Wednesday, the Chat Box, and the Document Library which is a treasure trove meant to save you the money from having to create your own documents. Whether you sign up to be a member or not, you should absolutely go to Dwanderful.com/lingo to download your free copy of the real estate investment lingo so you know what you are talking about!