Lease-Option Caution Signal

Written by Mark Walters


Why are real estate investors having so much success offering "rent to own" homes?

Lease-options offer home ownership opportunities to folks with little cash and not so hot credit.

Oh boy, there are plenty of those around.

Both parties in a lease-option deal are counting onrepparttar buyer being able to qualify for a home loan beforerepparttar 103150 option expires.

The investor wants to collect his profit whenrepparttar 103151 optionee buys. The optionee wants to ownrepparttar 103152 home.

Duringrepparttar 103153 lease periodrepparttar 103154 renter/optionee must be working to improve their credit score torepparttar 103155 point where they can qualify for a loan and buyrepparttar 103156 home.

Even though there is plenty of sub-prime loan money floating around atrepparttar 103157 present time...repparttar 103158 lease-option method of acquiring a home seems to appeal to many.

In our own investing program.... Before we accept someone for a lease-option deal we have them interviewed by our friendly loan broker. He gives us thumbs up or thumbs down on whether our prospective buyers has a chance to qualify for a mortgage loan duringrepparttar 103159 next 12 to 24 months.

Landlord Tips And Hints

Written by Mark Walters


Every real estate investor dealing in rental homes has done his own clean-up and fix-up, at least inrepparttar early years. Landlords also become very skilled at managing tenants after being burned a few times.

You learnrepparttar 103149 tricks ofrepparttar 103150 trade and how to getrepparttar 103151 best results forrepparttar 103152 least cost. Maybe a few of these tips will be new to you.

You can give kitchen cabinets new life with a liberal application of Liquid Gold.

Everyone has at least one chip or scratch inrepparttar 103153 porcelain on their refrigerator, bathtub, stove (except high heat surfaces), sink, washer or dryer. The solution? Touch up that nick with a tough porcelain glaze called "Porcelain Chip Repair". Just dab it on withrepparttar 103154 built in brush and it hardens in 24 hours. If your hardware store does not carry it you can find it with a Google search.

You can quickly clean black scuff marks from vinyl floor covering with a squirt of WD 40 lubricant and a rub with a clean cloth.

Put a shiny new strainer inrepparttar 103155 sink drain. Then install new handles and drawer pulls and you often have a minor kitchen miracle.

Get rid of globs of sticky adhesive residue with "Goo Gone"… from Home Depot.

When tenants move out they seldom do a really good cleaning job onrepparttar 103156 oven... orrepparttar 103157 dishwasher.

I'm sure you have discovered one ofrepparttar 103158 many effective oven cleaners, but how about that gunk caked ontorepparttar 103159 inside ofrepparttar 103160 dishwasher?

Try a product called "Dishwasher Magic"... found in many markets and some hardware stores.

The label reads "Removes Lime Scale, Rust & Buildup. Disinfectant".

You just removerepparttar 103161 cap... placerepparttar 103162 blue, plastic bottle upside down insiderepparttar 103163 silverware basket and turnrepparttar 103164 machine on. You might have to use two bottles if your first look intorepparttar 103165 washer causes you to run screaming fromrepparttar 103166 house.

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