It is interesting to note for Canadian real estate investors that rent to own is also gaining much attention in other countries. A recent New York Times article Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard highlighted some challenges faced when a company expands too fast or perhaps misunderstands how the model works. …
A very important part of having a successful Rent to Own investment is having the tenant-buyer learn about budgeting and financial literacy during the Rent to Own term and hopefully how to avoid getting into the trap again. Below are several resources easily available on Financial Planning, Debt Solutions and Resources for your Rent to …
CAROP Member Dino Orchard shares why he Loves Rent To Own and how he got started in real estate investing. He also shares a story and how he helped a family with Rent to Own. He was able to make a significant change in a family’s life with homeownership.
Rent to Own is often called a creative real estate financing strategy. And so it is. And we all have our own templates for putting clients through the process. But sometimes we need to be even more creative than our already creative modals. We probably all have stories of stepping outside the box of our …
Inviting applications for promotion When the Canadian Association of Rent to Own Professionals was formed in the fall of 2012, the founding members thought it a good thing to set up several membership levels, reflecting the members’ history and success, as well as the length of their commitment to professional operation, as reflected in their …
October 29th was a rich day for members and guests of CAROP, as we enjoyed another annual “summit.” Because of the lingering pandemic, it was again entirely virtual, a 7.5-hour Zoom conference. Four invited speakers dominated the agenda, two from within our group and two guests, with input that encouraged and challenged us. The day …
The recent throne speech raised again the subject from the federal election about rent to own and housing. The throne speech outlined the government’s promise to build more housing units per year, to increase affordable housing, and to end chronic homelessness, all through using programs like its proposed $4 billion Housing Accelerator Fund and its “more flexible” …
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 »
