How to Buy and Wholesale MLS properties with Rent to Own

In today's show, you will discover how to buy and wholesale MLS properties with rent to own. This strategy gives folks who can't qualify for a traditional mortgage today a path to home ownership. This is a true helping hand for some potential homeowners. Listen in as Adam Zach dives into his unique business model for helping these folks.

 

[00:00 - 07:19] Opening Segment

• Introducing Adam to the show
• His rent-to-own strategy was a pivot idea from fixing and flipping properties, day trading, and starting his own business
• Banks have private mortgage insurance for FHA loans which he couldn't get but he found three companies that offer rent coverage insurance

 

[07:20 - 12:34] Unlocking Financial Opportunities for Self-Employed Home Buyers

• Insurance can be placed on any single-family home or apartment with a corresponding premium amount
• Renters pay a monthly fee of 3,000 and get 300 back as rent credit towards the purchase price of 320,000
• Real estate agents can use this as a financial tool to help clients who are self-employed or whose deals are about to fall through

 

[12:35 - 22:51] Buying Homes Virtually and Providing Investors with Cash Flow

• Investing virtually across the United States, with a focus on the Midwest to Southeast
• If a tenant-buyer cannot exercise their option, liquidation or finding another tenant-buyer is suggested
• Investors are taking on the risk of appreciation or shared appreciation

 

[22:52 - 30:17] A Three-Step Process to Get Creative and Succeed

• List existing homes for rent
• Buy homes contingent upon signed lease
• Find people first

 

[30:18 - 31:12] Closing Segment

• Connect with Adam through the links below

 

Quotes:

 

"If someone wanted to make an offer today on any property, And I had a contingent upon a signed lease, and the numbers worked for me, why wouldn't I close on that home?" - Adam Zach

 

"You can get a mortgage, you can get a rental, or you can rent to own. You can tell me no, and we would take no offense. Because I know that the last 12 people that we put in a home, no one else on planet earth could have gotten them into that home than our company." - Adam Zach

 

"The homes we're buying for people, we do not want the home back. This is their home. It's in our best interest and theirs to actually exercise and buy the option." - Adam Zach

 

 

Connect with Adam!

Home Equity Partner: https://homeequitypartner.com/investors/ 

Engineering REI: https://engineeringrei.com/ 

LinkedIn: https://www.linkedin.com/in/adam-zach-pe-0000303b/ 

Facebook: https://www.facebook.com/ChessChief 

 

 

WANT TO LEARN MORE?

 

Connect with me through my website, Instagram, and LinkedIn.

Or you can send me an email at sharon@sharonvornholt.com.

 

Be sure to check out the Louisville Gals Real Estate Blog and my course Probate Investing Simplified.

 

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