Sanford| 810 E 25th St|Cheap Property $99,900 3 bd, 2.5 ba, 2213 sqft Contact Gene anytime at 407-781-7312

Investors Goldmine Property| Sanford| 810 E 25th St|Cheap Property

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$99,900 3 bd, 2.5 ba, 2213 sqft

Contact Gene anytime at 407-781-7312

810 E 25th St
Sanford FL 32771
Price: 99,900
ARV: 249K+
Bedroom: 3
Bath: 2.5
1 Car Garage
Ext Const: Frame
Built: 1901
Sqft: 2,213
Ppsf: 49.66
Tax/Yr: 2,735.00
Septic/Sewer: Sewer
HOA: n/a
County: Seminole
Avg Rent = 1,600/mo
Gross Rent ROI = 12.1%

Property Overview, the main reason that this is such an amazing deal is the land that this historic home sits on. It’s 1.34 acres of RMOI zoned land (Residential/Multi-family/Office/Industrial).  The only RMOI property that has sold in the entire city of Sanford in the last 12 months sold for 430K, and the office building directly across the street that sits on only 1/4 acre of RMOI land is listed for 200K. Conceivably one could renovate the existing structure to be utilized as an office building, while removing the detached garage, leaving two build-able lots, or, it could also be possible to demolish everything and then build for almost any purpose.

Property Features include, sturdy older roof, original wood floors, 10 foot tongue and groove ceilings, 10inch baseboard, two wood burning fireplaces, a well-preserved kitchen, nicely maintained bathrooms, and two sun rooms.  There is also a detached garage/workshop..

Rehab: 40k-60k
Roof, siding repairs, refinish floors, plaster repairs, kitchen and bath updates, and install central AC.

Rehab: 40k-60k
Roof, siding repairs, refinish floors, plaster repairs, kitchen and bath updates, and install central AC.

May 18, 2016

4 photos

Are Orlando Rent-to-Own Homes a Scam? | Written by Eugene Hoffman

Are Orlando Rent-to-Own Homes a Scam?

. 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

If you’ve spent time driving around Orlando Florida or browsing Craigslist or other sites, you may have seen advertisements that read, “Own a home for $500/month. No credit check!”

While it seems too good to be true, local rent-to-own homes are a viable option that many Orlando residents are taking advantage of.

But…

Are Orlando Rent-to-Own Homes a Scam?

In any business there are a few hucksters who aren’t doing the right thing that give everyone else a bad name.  But renting to own / lease option homes aren’t a scam and they’re a really great way for people get on the path to home ownership if your financial situation prevents you from getting a home loan right now.  You can find hundreds of great articles online from reputable resources that back up the fact that rent to own (also called a lease option by many people) is a legitimate and great way to work your way into home ownership.

full article on website. Click here...

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.

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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The Costs Of Rent To Own Housing In Orlando | Written by Eugene Hoffman

The Costs Of Rent To Own Housing In Orlando

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.

Owning a home — it’s part of the American Dream!

Home ownership gives a sense of freedom, security, and permanence.

Americans dream of growing up, finding a home, and starting a family; they dream of owning their own piece of land and proudly knowing “it’s mine.” Millions of families want a nice home, a white picket fence, a place to rest after a hard day of work, and a place to raise their families. But, what are The Costs Of Rent To Own Housing In Orlando?

It’s no wonder that pioneers and settlers came to America to escape the over-crowded rental slums of the Old World and to tame and claim their piece of this vast land. Even today, newcomers to America are attracted here in part because of the opportunities for a better future — which includes owning their own home.

The American Dream Is Changing…

While home ownership continues to be a high priority among many Americans, the American Dream is evolving. There’s still plenty of land and places to live, but it’s evolving for other reasons:

• There’s the growing number of Americans with credit problems — perhaps due to debt or poor choices or difficult circumstances or even just low paying jobs.
• There’s the growing number of banks that reject loan applications because they don’t meet the bank’s tightening loan requirements.
• There’s a trending increase in the number of lower-paying jobs, while higher-paying jobs are vanishing or being outsourced overseas.
• And the economy is on shaky ground, with one recession barely over and another one threatening to strike.

Continue and get free info. Click here...

Pros and Cons of Rent to Own Housing In Orlando | Written by Eugene Hoffman

Pros and Cons of Rent to Own Housing 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

Home Ownership Trends Are Shifting… Keep Reading To Find Out How They Might Make Owning A Home In Orlando Even Easier…

Credit-score-based mortgages… they were once the primary way of buying a house… but these traditional methods of purchasing a home are becoming less common than in decades past. The American Dream is shifting and the concept of home ownership (while still strong) is evolving…

As banks become tighter with their loan approval process, and as Americans are still digging out of the recession (and possibly any credit problems they may have fallen into during the recession), many are turning to alternative means of purchasing a home…

… perhaps because they don’t have the credit, maybe because they don’t trust banks anymore, or even because they are learning that there are other ways to buy.

Renting apartments and houses increased dramatically in recent years… and renting-to-own a house (or Lease Option as many people call it) has become a popular way for families to buy a local Orlando Florida house directly from a seller (after a rental period that usually lasts 12-24 months), without the stringent qualification process offered by banks.

There are many pros and cons of rent to own housing in Orlando Florida, which we will outline in this article.

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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.

Website has more info. We work one-on-one. Click Here...

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

Website has more info. We work one-on-one. Click here...