Lease Purchase Program
If you have ever clicked on the Buy A Home link above, you already know that in addition to buying houses, we also sell houses.
WE ARE NOT BANKERS! That means we understand that everyone does not have perfect credit and zero debt. We are a company that prides itself on working with people fairly and honestly. If you have had a past bankruptcy, or have been denied by other lenders, we still can help.
We have a lease-purchase program second to none which allows you to purchase a home that is priced fairly, has incredible terms and does not require a large initial deposit.
In the current lending market our lease purchase program is attractive because we work with tenant buyers to get them into a nice, clean rehabbed home today and make sure they have the ability to purchase the home at a later date for a fair price. Our best partners in our lease purchase program are people who may have had some credit problems in the past but are working towards improving their financial situations.
Our Lease Purchase Program
Our lease purchase program is modeled after the one developed by Scott Frank and Andy Heller. What we do is offer our tenant-buyer the ability to get into a nice home for a low option payment. We like to create a longer option period for our tenant buyers so they are able to work on their credit and be sure they can qualify for a mortgage when it comes time to exercise the purchase option. The time frame of the purchase option is anywhere between 24 and 36 months. Additionally we will apply a portion of the monthly rent paid to the tenant-buyers eventual down payment.
Now for what really makes our program different from those offered by other investors. We Lock In The Purchase Price For The Home For The Entire Option Period. When we approve our tenant-buyer and they sign either a 2 or 3 year lease option on our property, the fair market value of the property on that day is the same amount that the tenant-buyer will purchase the property for at the end of the option period. We believe this aspect of our program creates a win-win situation for our tenant-buyer by allowing them to get into a quality home and purchase it a reasonable price. We feel that their dedication to working to improve their credit is worthwhile for us to pass along any appreciation the property experiences while they are there.
Tags: 
lease purchase : 
new jersey : 
real estate
