On Tuesday, Liberal leader Justin Trudeau unveiled a multi-billion-dollar housing strategy to help Canadians buy a home at a time when the market is sky-high. Part of the plan is to introduce a government-funded rent-to-own program to help renters get on the path to home ownership. The party is promising $1 billion in loans and …
A startup that helps renters build credit until they can buy a place is raising $165 million from a group of investors that includes Sequoia Capital, Jay-Z’s Roc Nation and Will Smith’s Dreamers VC. Landis Technologies, founded by Cyril Berdugo and Tom Petit, caters to would-be homeowners who can’t afford to buy. The company purchases …
Native American Tribes Move to Make Real Estate a Force for Renewal After an internal change putting a priority on homeownership for members, the Pascua Yaqui tribe near Tucson, Ariz., recently broke ground on its first mixed-use development: a subdivision featuring 50 rent-to-own single-family homes, townhomes, and office and retail space. Read the full article …
50 Rent to Own Homes in Native American Development Read More »
For more than a decade, Blackstone has poured money into the US residential real estate market. Now the buyout giant has made a significant bet on the country’s booming housing market with a mega-deal for a company that buys and leases single-family homes. The firm’s real estate arm has agreed to acquire a majority stake …
Blackstone Bets on Rent to Own in the US With $6 Billion Buyout Read More »
By Ron Geddert If you’re in the rent-to-own space, you work with realtors; maybe you even are a realtor. We need them. But do they need us? Is there a mutual benefit? I interviewed three realtors working with CAROP members to gain a bit more understanding from their perspective. I was a little surprised—pleasantly so–at …
Realtors and Rent 2 Own Providers—More than mutual benefit Read More »
Why this Whitehorse non-profit wants to make a community land trust Imagine affordable housing units in Whitehorse that would stay affordable forever. That’s what Tyler Heal and Laird Herbert, members of Northern Community Land Trust board, hope to do. “Put simply, it’s a way to create affordable housing that … stay[s] affordable. We do that …
Whitehorse Non Profit Looks at Rent to Own as an Option Read More »
CAROP makes an impact! – by Ron Geddert The email in my Inbox simply said, “I’d like to arrange a meeting with you about rent to own. I noticed that the signature at the bottom was that of a realtor. So, I responded that I’d be happy to meet with her, but asked whether her …
Why Real Estate Professionals Love Rent to Own & Love CAROP Read More »
Some of the reasons I Love Rent-To-Own, Purchase a with low credit score: Clients who cannot qualify for a conventional mortgage can buy a home through a rent-to-own program. Over time, they will work on the rebuilding of their credit scores and qualify for their own mortgage when it’s time to buy their home. Lock …
