S8E11 | Rent to Own and Assignment Deals, How Do They Work? The REAL Collective Podcast

19/09/2023 31 min

Listen "S8E11 | Rent to Own and Assignment Deals, How Do They Work? The REAL Collective Podcast"

Episode Synopsis


Have you ever wondered, rent to own and assignment deals, how do they work?

In this week's episode of the REAL Collective Podcast, join host Sean Tasse, a seasoned Broker, and our special guest, Kyle Miller, a Mortgage Agent, as they guide you through a few unique ways to go about real estate. We kick things off by demystifying Rent-to-Own and Assignment Strategies. Ever been curious about how these tactics function and who benefits most from them? We'll clarify things by outlining the advantages and disadvantages.

Moving on, we zero in on Crafting a Down Payment: Your Financial Roadmap. Recognizing that down payments often pose a major challenge for would-be homeowners, we dissect the smartest approaches to overcoming this crucial property-buying hurdle.

Later, we switch gears to explore The Hard Truths for Tenants. Picture this: spending half a decade paying inflated rent while pouring money into home improvements for a house you don't own. Our aim here is to enlighten tenants on the traps to sidestep in rent-to-own arrangements. After a brief interlude, we plunge into Risk Management: Rolling a $42,000 Die. Investing in real estate is not without its perils. In this part, we scrutinize how a seemingly minor choice can have far-reaching financial consequences.

Next on the agenda is assignment deals and some recent real life examples. We also discuss Exit Strategies. Knowing how to responsibly exit your investment is as vital as the investment itself. We offer actionable advice on how to gracefully conclude your real estate journey.

Don't miss this episode of the REAL Collective Podcast for an all-encompassing dive into these crucial subjects. Whether you're an emerging REALTOR®, a hopeful homeowner, or someone keen on enriching their real estate acumen, this episode is a goldmine of insights. Tune in and broaden your understanding!

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Are you buying or selling? Book a meeting with Sean or Kyle today!

Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect

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Website: https://www.realcollective.ca


Intro: (0:00)

Exploring Rent-to-Own and Assignment Strategies in Real Estate: (1:53)

Making a Down Payment: A Financial Plan of Action: (3:37)

The Unfortunate Reality for Tenants: Five Years of Paying Above Market Rent and Fixing Up Their House: (6:40)

Navigating the Complexities of Down Payments for Homeownership: (10:08)

Half-Time: (14:20)

Risky Business: The $42,000 Dice Roll: (18:15)

Understanding the Disposition Process: How to Get Rid of Properties at the End of their Lifecycle : (21:05)

The Payment is the Same: Understanding the true cost of buying Real Estate: (23:10)

Navigating Tough Times: A Discussion on Selling in a Difficult Situation: (25:31)

Outro: (31:40)


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