Path To HomeOwnership
You can move into your new home without qualifying for a loan or outlaying large amounts of cash. Virtually all of the fee-simple owner benefits are available to you until the property is purchased in your name.
Tax Lease & Purchase
Homeownership is as Easy as ...
1Lease
Your benefits are virtually identical to those in any real estate purchase but far more protective & private.
2Enjoy
Though not on title, you are entitled to the income tax deductions for mortgage interest and property tax.
3Purchase
Before the end of the lease, you have the right to purchase (refinance or new loan) or sell the property.
It's easier and cheaper to obtain your new home
Leasing, with fee-simple owner benefits, requires minimum cash and credit compared to paying ALL cash or getting a new loan to purchase real estate. Additionally, you may receive a share of any appreciation and equity buildup that can be used towards the down payment, closing costs, or whatever you want upon honorable completion of the lease.
FEATURES & BENEFITS
- Tax Lease & Purchase
- Tax Lease
- Bridge Funding
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Tax Lease
The lease will be long enough to allow you to restore your credit and purchase down the road. Although not on title, you are entitled to the mortgage interest and property tax write-offs, among other benefits.
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Bridge Funding
The provision of temporary ownership benefits to an acquiring party while that party waits for (or prior to) loan approval and/or raise the necessary down payment, closing cost or funds for cash purchase.
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Tax Lease
You are entitled to virtually all of the fee-simple owner benefits including the mortgage interest and property tax write-offs.
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Who Qualifies
Those who have verifiable or unverifiable income, bad or great credit, low down payment or just don't want to tie up all their cash in real estate can apply. However, everyone will not qualify.
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Upfront Costs
The upfront costs consist of servicing and closing costs which are less than the typical down payment for a "regular" lease.
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Issues
You may find your perfect home but the underwriting & loan-approval process can take months or even longer. The seller may not wait for financing to be approved or down payment to be raised.
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Who Qualifies
We are looking for renters with a homeowner's mentality. The right candidate is someone who can afford the upfront & monthly expenditures.
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Upfront Costs
These costs are typically much less than the standard 20% down payment required. A portion of the upfront costs are eligible to be refunded upon honorable completion of the lease agreement.
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Solution
You lease the home until you're able to purchase the property. In exchange for receiving the fee-simple owner benefits during this period, you assume all responsibility for the property including all payments, maintenance, repairs and upkeep.
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Monthly Costs
As a result of receiving virtually all of the fee-simple owner benefits, you will be responsible for all payments (e.g. lease payments, insurance, HOA fees, property taxes, etc.), repairs, maintenance and upkeep.
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Monthly Costs
As a result of receiving virtually all of the fee-simple owner benefits, you will be responsible for all payments (e.g. lease payments, insurance, HOA fees, property taxes, etc.), repairs, maintenance and upkeep.
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Verification
Your on-time payments will be recorded and available to help secure refinancing instead of a new loan, if applicable. Rest assured that all creditors will be paid on time.
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Verification
Rest assured that all creditor payments are made on time including mortgage payments, property tax, insurance premiums, HOA dues, etc.
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Purchase
The property may be purchased (via refinance or new loan) or sold prior to the end of the lease period. If applicable, any refundable upfront costs and share of appreciation and equity will be distributed after sale.
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Asset Protection
The property is effectively shielded from an errant party's tax liens, lawsuits, bankruptcy, judgment liens, probate and power struggles in marital dissolution.
