Investors Goldmine Property| Eustis|40650 Country Rd. | Cheap Property

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$39,900 3 bd, 2 ba, Sqft: 1,644, Main Home is 1,300 (sf) and Efficiency is 344 sqft

Contact Gene anytime at 407-781-7312

40650 Country Rd.

Eustis, FL 32736

Price: 39,900
ARV: 60K
Bedroom: 3
Bath: 2
Ext Const: Main Home is Block, efficiency is frame
Built: 1972
Sqft: 1,644, Main Home is 1,300 (sf) and Efficiency is 344
Ppsf: 29.69
Tax/Yr: 1040.00
Septic/Sewer: Septic
HOA: n/a
County: Lake
Avg Rent = Combined 1000/mo
Gross Rent ROI = 25.53%

Property Overview, this is an opportunity to invest in a deal that yields two rent ready properties for either separate tenants, or sell both the homes to a multi-generational family. This block home is currently selling below 40K and at 29psf. This great investment opportunity allows for immediate cash flow, and this deal represents the perfect opportunity for rent ready cash flow with lots of equity still sitting in the bank.Property Features include preserved kitchen with appliances in both units, newer carpet, ceramic, wood laminate and fresh paint throughout. There is a fireplace in the main house, inside laundry with washer and dryer included. Nice fenced-in yard with ample parking.Rent Rehab: 5k
Needs a new roof (4500 for both Bldgs) and AC window units (500).

3 photos

Jason (realtor)’s photos

Curious to know more about rent to own houses in Orlando? | Written by Eugene Hoffman

Curious to know more about rent to own houses in Orlando?

These potential home buyers are forced to rent and unfortunately cannot purchase a home even at current depressed housing prices. Unlike other programs, the rent to own program that we can help you get into enables approved Floridians to find a home that they want to rent, but also would like to eventually buy through our partner’s Pathway to Home-ownership. “Lease with a Right to Purchase Program.

Keep reading to find out how they work and to know whether rent to own is right for you

Most people think of renting a house or owning a house… but few realize there is an amazing “middle ground” – rent to own houses in Orlando – that gives you the best of both worlds. In this blog post, you’ll read about what it means to rent-to-own and how it works.

Renting: When you rent, you pay the landlord for a place to live. As long as your rent is paid, you have a place to live.

Owning: When you own, you take out a mortgage from the bank and they give the money to the seller. You pay the bank back for their loan.

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Tips on Renting A Orlando Home By Owner | Written by Eugene Hoffman

Tips on Renting A Orlando Home By Owner

These potential home buyers are forced to rent and unfortunately cannot purchase a home even at current depressed housing prices. Unlike other programs, the rent to own program that we can help you get into enables approved Floridians to find a home that they want to rent, but also would like to eventually buy through our partner’s Pathway to Homeownership. “Lease with a Right to Purchase Program.

In today’s article, we’ll take a look at some tips on Renting an Orlando home that you should consider when renting your next home in Orlando.

As property values plummeted over the latter part of the 2000’s, many people began to turn to renting. There are plenty of reasons to rent as opposed to purchasing a home, including maintenance costs, desire to live in a densely populated part of Orlando Florida, or the desire to live in a smaller space.

Should I Rent From A Private Owner vs? Management Company?

There are advantages and disadvantages to renting from a management company.

Oftentimes, a management company will quickly make repairs, and be responsive to tenant complaints. Forward-thinking companies may offer rent payment, maintenance and repairs requests, and answers to other questions on their website. Property management companies in Orlando are usually strict about who they’re willing to rent to. They’re more likely to run credit checks, and require certain scores to consider a tenant. Many property management companies are also reluctant or outright refuse to rent to tenants with pets.

Should I Rent From A Private Owner vs? Management Company?

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How to Know if Renting or Owning a Home is Right For You

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

So, you’re looking at moving and you’re not sure if renting or owning a local Orlando home is right for you?

You’re not sure if one is a better financial decision than the other?

You’re not sure if you’ll be able to find the type of house or apartment you’d like to live in?

You’re not sure what you can handle financially?

Well, this article will dive into ways you can learn how to know if renting or owning a home is right for you in the Orlando area.

How To Know If Renting Or Owning A Orlando Home Is The Right Choice

Throughout the 1950’s-1990’s, home ownership was a major goal of most families across America. Owning a home was the “American Dream” and if you didn’t own your house there was almost this stigma that went with that.

But, that rule has changed in recent years. The economic downturn paired with the bursting of the housing bubble makes renting an attractive option for many Americans… maybe even you.

In the past, the choice to rent or own here in Orlando was about whether you’d prefer to live in a house or an apartment. Now, there are opportunities to purchase apartments / condos and rent homes, so there are options for renters or perspective owners to live in whatever type of property that they’d prefer.

Renting is great for people who want flexibility. Perhaps you’re just starting your career, and you’d like to be able to relocate quickly. Renting is a wonderful option for people who like to “try out” various neighborhoods in their city before finding a place to settle down.

Owning a home ties you to one location for a good period of time. It would destroy your credit to step away from your mortgage, and sell your home is a long, arduous process that could end in you losing some of your initial investment.

In many cases, contrary to popular opinion, it can be more cost-effective to rent than own, especially in situations where the local housing market isn’t going up in value very much each year. While renters pay a fixed amount each month, homeowners are required to pay additional fees, such as homeowners insurance, maintenance, repairs, HOA (local community association fees), amongst others.

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How Do Rent To Own Homes Work In Orlando | Written by Eugene Hoffman

How Do Rent To Own Homes Work In Orlando

The City of Orlando is nicknamed “The City Beautiful” and its symbol is the fountain at Lake Eola. Orlando is also known as “The Theme Park Capital of the World” and in 2014 its tourist attractions and events drew more than 62 million visitors

One of the first questions we get from potential tenant buyers of our local Orlando Florida rent to own homes / lease option homes is “how do rent to own homes work in Orlando?”

With a flooded real estate market, especially since the bubble burst of the mid-2000’s, rent-to-own homes have become a popular option for people who are deciding whether to purchase or rent a home.

Renting to own offers advantages to both buyers and sellers.

For the seller, they have a steady income to make steady mortgage payments, while the seller has a period, typically a year or two to organize his or her finances and secure financing to buy the house.

The Local Rent To Own House Process

Renting a home to own a house is a relatively straightforward process, though many people are confused.

A common misconception is that the renter can live in the home and pay rent over a period of 15, 20, or 30 years, then own the home. It’s slightly more complicated that that.

But here are the basic elements of a rent to own agreement. 

• The buyer and seller draw up an agreement, covering all terms of a rent-to-own agreement.

• This contract will state the monthly rent and a set period of time.

• The renter will have the option to purchase the home at an agreed upon price at the expiration of the agreed upon time period.

By giving a potential buyer a year or two to get their financial house in order, the seller can continue to make mortgage payments on the home, while living elsewhere. This is beneficial to the buyer, as if they’re sure that they can acquire financing, they can usually begin customizing the home to meet their needs and preferences… essentially treating it like you own the house (because you may own it someday!) and having that sense of home ownership during the process.

How Does The Monthly Rent Work With An Orlando Rent To Own House?

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Are You Required To Buy The House In A Rent To Own Home Contract? | Written by Eugene Hoffman

Are You Required To Buy The House In A Rent To Own Home Contract?

Tips, tricks, and advice to find great rent to own properties around – plus info on ways to get the best deals and how to avoid scams.

A really common question and concern from people looking at renting to own an Orlando house are “are you required to buy the house in a rent to own home contract ?” at the end of the rental term.

As an example…

… let us say you found a great Orlando rent to own home and agreed on an attractive rent to own agreement (lease option) with the seller that looked like this…
– $10k upfront
– $1,800/mo
– $200k purchase price option at the end of the 24-month rental agreement

Under that example, you have the opportunity to purchase the home for $200k within 24 months (often times you can purchase the home BEFORE the rental agreement ends with no problem).

So, Are You Required To Buy The House In A Rent To Own Home Contract / Agreement?

If the 24 months comes up and you're just not ready to purchase the home… but you still love the home and want to live there still… just connect with the seller and see if they're willing to offer you an extension on the rent to own contract.

Often times, if you've been a great renter and show a genuine intent to buy the house… the seller will work with you (it's in everyone's best interest).

If the 24 months comes up and you're just not ready to buy and you don't want to stay in the house… you can move out and not purchase the house… usually with no penalty.

What Happens To The Money You've Paid The House Owner Up To This Point?

Full article on website. Click here...

Do I Earn Equity With A Rent To Own Agreement? – Orlando Rent To Own Program | Written by Eugene Hoffman

Do I Earn Equity With A Rent To Own Agreement? – Orlando Rent To Own Program

Lease with a right to purchase. Providing a fair and transparent path to homeownership.

This question comes up again and again… and honestly, the answer this question has changed in recent years based on new laws enacted that affect what a homeowner can do when they’re selling their house under a rent to own agreement.

One of the big benefits of owning a house is that you (hopefully) earn equity as you make payments and pay down the mortgage.

One thing many homeowners don’t take into account is that really during the first 5 years (or more) the majority of your mortgage payment to the bank is interested… and very little of your payments for the first 5 years actually goes to pay down the principal and earn you equity.

But on the flip side, the 2nd half of your mortgage is usually where the majority of your equity is earned since most of those payments go to the principal.

So how does it work with a rent to own agreement?

When you do a lease option / rent to own home in Orlando there are various types of arrangements you can choose to take… but the most common is this:

1. You find the rent to own house you like and apply
2. You and the rent to own house owner agree on a monthly rent, a “move in” type fee that basically pays for the privilege to have the opportunity to purchase the home late, and the price of the purchase at the end of the rental agreement if you want to buy it.
3. You move in and pay your monthly rental payment and treat the house great (since you may be owning it someday).

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

In the old days of lease options / rent to own agreements, a homeowner was allowed to let a portion of the monthly rental payment be applied to the purchase price as a pre-paid down payment.

This was great for everyone!

It helped the tenant buyer earn money off of the purchase each month they made a payment… and it helped the house owner sell the house more often at the end of the rent to own agreement since now the tenant had some “equity” in the deal.

But in recent years, a bill was passed in Washington D.C. called the Dodd-Frank Act that has placed restrictions on rent to own programs… and has limited the ability to apply rental payments to the end purchase of the home.

The full article on website. Click here.

Renting An Apartment vs. Renting A House in Orlando | Written by Eugene Hoffman

Renting An Apartment vs. Renting A House in Orlando

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

So, you’re looking for a place to rent in Orlando?

As you’ve already seen… there are a lot of options in the Orlando area for housing.

All the way from apartments in Kissimmee rental houses in Sanford… condos… mobile homes, and more.

But if you’re struggling to decide if you want to rent an apartment or a house… check out our tips below on the “pros and cons” of renting a local apartment vs. the pros and cons of renting a local house. (also, see our blog post on pros and cons of Rent to Own Programs for more detailed info >)

Renting An Orlando Apartment –

There are lots of great apartments in Orlando.

You’ve probably found new apartment complexes with all kinds of amenities like a swimming pool, gym, rec area, and all kinds of other perks.

And you’ve probably come across some bare-bones apartments that just gave you 4 walls and not much else.

So here’s some Pros for renting local apartments:

• Often rent is cheaper with an apartment vs. renting a house
• Sometimes some services are included in your rent (trash, water, etc.)
• Maintenance is 100% taken care of by the management (if you’re in a bigger complex, usually the maintenance person is on-site and can repair things quickly)
• Sometimes there are more apartment units available than houses you want
• Amenities are often included like rec rooms, gyms, pools, and more.
• Sometimes you can pick up your neighbor’s wifi!

Here are some Cons of renting local apartments:

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Orlando Florida Houses for Rent – Why rent when you can own? | Written by Eugene Hoffman

Orlando Florida Houses for Rent – Why rent when you can own?

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

If you’re looking for Orlando houses for rent you may want to consider your other options as a potential homeowner in the  Orlando area.

Most locals who are looking for homes to rent in Orlando are likely looking at renting as their only option because of things like…

– Bad credit (and can’t get a traditional bank loan to purchase a home)

– Not enough funds for a large downpayment on the Orlando home you want to live in

– … or you’re just used to renting and didn’t know there were other options.

How Many Orlando Area Renters Are Turning To Home Ownership By “Renting To Own”?

If you haven’t heard of “renting to own” a home (some call it a “lease option”), you’re not alone.

But the “rent to own” concept isn’t new.

In fact, renting to own has become really common for many things, including furniture, electronics, cars, and more.

And the rent to own concept for houses has been around for decades as well.

Click to read full article.

Orlando Florida Houses for Rent – Why rent when you can own? | Written by Eugene Hoffman

Orlando Florida Houses for Rent – Why rent when you can own?

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

If you’re looking for Orlando houses for rent you may want to consider your other options as a potential homeowner in the  Orlando area.

Most locals who are looking for homes to rent in Orlando are likely looking at renting as their only option because of things like…

– Bad credit (and can’t get a traditional bank loan to purchase a home)

– Not enough funds for a large downpayment on the Orlando home you want to live in

– … or you’re just used to renting and didn’t know there were other options.

How Many Orlando Area Renters Are Turning To Home Ownership By “Renting To Own”?

If you haven’t heard of “renting to own” a home (some call it a “lease option”), you’re not alone.

But the “rent to own” concept isn’t new.

In fact, renting to own has become really common for many things, including furniture, electronics, cars, and more.

And the rent to own concept for houses has been around for decades as well.

Continue reading and more...Click

What To Look For When Renting To Own A Home In Orlando Florida | Written by Eugene Hoffman

What To Look For When Renting To Own A Home In Orlando Florida

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

Renting to own a home in Orlando or any city for that matter, isn’t a new concept… but the whole process of “renting to own a house” is a process that most people have questions about.

Well, you’re in the right place!

This article will walk you through what to look for if you’re looking for Orlando rent to own houses.

1. Find The House You Want To Live In Long-Term… Not Just Rent

A lot of people who are deciding whether they should just rent or “rent to own” look at the whole rent to own / lease with option process in the wrong way. Don’t look at it like you’re looking for a house to rent for a little bit.  Of course, you should find a house that is one you’d love to live in for a longer period of time (no less than 5 years).

Why?

Because with rental houses, you know it’s a temporary thing… so you’ll settle for a house that is less than ideal.

But since you’re really looking to get a house to live in for years and years with a rent to own… it should be one that you can see your family in for years.

Yes, you’re renting a “rent to own” house… but you should choose a house you’d be glad to live in for years just in case you do exercise the purchase option at the end of the lease term.

2. Terms That Fit Your Goals And Needs as An Orlando Home Seeker

Not all rent to own houses in Orlando have the same contract that goes with them. So make sure to find out the terms of the rental agreement and the terms of the purchase option as well.  Usually, the monthly rent tends to be a bit higher with a rent to own agreement vs. a normal rental agreement… because you’re basically paying a premium for the ability to potentially purchase that house at a pre-determined price in the future. There’s a lot of value in that.

But with rent to own agreements you should also have some flexibility that protects you. Make sure there are no fees for not exercising the purchase option at the end of the agreement.

Also, clarify with the owner of the house on who will pay for things during the rental term like…

• Maintenance
• Lawn care
• Insurance
• Repairs
• Upgrades inside the house (new appliances, paint, etc.)

Get it all in writing who’s in charge of these kinds of things during the rental term.

We are dedicated to helping working families or singles with a fair and trustworthy path to homeownership through this incredible rent to own program. The Financial crisis has created many reasons households in Orlando cannot obtain a mortgage, despite the fact they have a stable source of income and the ability to pay. These potential home buyers are forced to rent and unfortunately cannot purchase a home even at current depressed housing prices.

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Homes For Rent By Owner In Orlando – Rent-To-Own Step-By-Step | Written by Eugene Hoffman

Homes For Rent By Owner In Orlando – Rent-To-Own Step-By-Step

Learn more about homes for rent by owner in Orlando

… And discover whether renting-to-own the right step for you. Find out how it works here…

If you’re looking into homes for rent by owner in Orlando, you’re probably thinking about renting… but have you thought about renting to OWN? In this blog post, we’ll share the step-by-step method to walk you through how it all works so you can decide if it’s right for you…

If you’re thinking about renting a home, you are very likely focused on finding a place to rent that you can call your own… but often, renters would love to move up from a rental property into a home that they own, they just might not be in a position to get a loan.

That’s where rent-to-own possibility comes in. With renting, you pay for a place to live for as long as your rental agreement lasts. But with rent to own, you rent a home for a while and then you buy it outright so that you own it… and you can even do this with bad credit!

Let’s start with the benefits of why renters love it…

1. You can get into a house even if you have bad credit
2. You don’t need a huge down payment
3. You can live in your permanent dream home sooner, even if you can’t afford to buy it just yet

It’s no wonder why people love to rent to own!

If you want to learn more about whether rent to own is right for you,  or call us on at (407) 781-7312

Here’s How It Works To Get Into Homes For Rent By Owner In Orlando On A Rent-To-Own Basis

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Houses For Rent By Owner In Orlando– 4 Reasons Why Rent-to-Own Is Better | Written by Eugene Hoffman

Houses For Rent By Owner In Orlando– 4 Reasons Why Rent-to-Own Is Better

If you’re looking for houses for rent by owner in Orlando, have you considered rent to own?

Rent-to-own gives you the best of both worlds… and you don’t need perfect credit to do it!

Given the choice between renting and rent-to-own, we believe that rent-to-own is often a better choice. In this article, we’ll look at the 4 reasons why rent-to-own is a great way to buy a house… even if your credit isn’t stunning. If you’re looking at houses for rent by owner in Orlando then you may want to expand your search to consider rent-to-own opportunity…

Owning a home is part of the American Dream… but it’s also very costly. Many people are forced to rent, putting money into their landlord’s pocket while struggling to get ahead. Wouldn’t it be nice if you could “rent your way to home ownership?” You can. It’s called “rent to own” and it’s reputation is growing.

It works like this: rents from a property manager, just like normal. But their agreement is often a multi-year agreement in which they agree to purchase the house as soon as the family can improve their credit score and save money. Keep reading to observe 5 reasons why this is SO powerful…

If you want to know more about rent-to-own, or about houses for rent by owner in Orlando, simply  call us at (407) 781-7312 and we’ll make sure you have all the info you need.

5 Tips About Rent To Own Houses For Rent By Owner In Orlando

We work with buyers, sellers, and landlords in all types of residential, vacant land, and smaller commercial transactions. We also work with investors who are looking for foreclosures, short sales, fixer-uppers, rentals, seller financing, lease purchases, and other creative real estate deals. Also read about our flat fee MLS broker Central Florida Orlando real estate listing services. We offer full-service, menu-based services, and a la carte services.

Rent To Own Tip #1
It’s pretty easy to qualify if your credit score is above 620. If you score is lower you will need more cash. Everything is negotiable, even with bad credit. A landlord will feel much safer with a tenant who pays several months of rent in advance when they are moving in. It is suggested that both parties use a Law Office. Offer to pay your rent in advance and have the funds placed in an escrow account with a Law Office. Sometimes a Landlord will offer to place part of your rent payment towards a downpayment for buying the house in the future. If this is the case make both payments, but send the downpayment to the Law Office separately. Escrow accounts are monitored by the State of Florida so your money will be safe.

Unlike buying a house (which requires a high credit score and down payment), a rent to own property starts off as a rental. There might be other qualifications required but, in general, it’s a much easier way to qualify to buy a house.

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Rent to Own Home Scams in Orlando – How to Avoid Scams | Written by Eugene Hoffman

Rent to Own Home Scams in Orlando – How to Avoid Scams

Protecting Yourself in Orlando From Scammers: There are scammers marketing rent to own homes here in Orlando Florida. Learn how to avoid them…

Are you starting to look for rent to own houses in Orlando?

Rent to own homes (also called lease option or lease purchase) has become a popular way of getting into a house when your financial situation has thrown your house hunt for a curve.

But, you may have heard of con game out there that have left many honest people out thousands of dollars instead of in a home of their dreams.  Some recent tenant deposit taking schemes originated from Craigslist and made it into the news. This has caused rent to own tenant buyers to become nervous about whether or not the house they’re looking at is also a “scam”.

Rent to Own Home Scams in Orlando – How to Avoid The Con Games That Are Out There

There has been an increase in the fraud that is out to fleece either potential tenants or homeowners. Several forms of the shakedown exist that have come out in recent years.

There are those scammers who take advantage of popular property buying and selling websites to scam potential tenants, especially foreigners.

They create counterfeit websites of the popular sites and put up enticing advertisements. Once a person falls for them, a series of email communication flows and the tenant makes a deposit, and that is it – once that deposit money is sent over to the scammer… it’s nearly impossible to track down who did it or how to get the money back.

The biggest scam that is out there for potential renters or rent to own buyers is described below.

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Rent To Own Real Estate In Orlando – What If I Have Bad Credit Or No Credit? | Written by Eugene Hoffman

Rent To Own Real Estate In Orlando – What If I Have Bad Credit Or No Credit?

The good news is – with rent-to-own, you can still live in a great, permanent home even if you have bad credit or no credit.

Rent to own real estate in Orlando is quickly becoming a popular way to get into the house of your dreams even if your credit isn’t perfect right now. We’ll show you how it works in this blog post…

Renting and owning are the two most common methods of acquiring accommodation: With renting, you pay (usually monthly) and it’s short term… you don’t actually OWN anything. With owning, you pay back a mortgage loan and it’s long term… you actually OWN your house. There are advantages to both, and disadvantages too.

There’s a third option, which is great for people with bad credit or no credit: If you’re renting right now and want to own your own home, you might feel that you are prohibited because of your credit but rent to own real estate in Orlando Florida is the solution.

By renting to own, you move into a house, pay rent for a period of time, and then purchase that house at the end of the rental period.

Have questions about rent to own real estate in Orlando? We can help. Click here to fill out the form or give us a call at (407) 781-7312

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