Do you have a cash flow problem? Maybe property management fees are setting you back, or you’re spending too much on repairs and maintenance. Today, we’re bringing you a powerful solution that will not only solve your cash flow problems but also help you scale your portfolio faster than you ever thought possible!
Welcome back to the Real Estate Rookie podcast! Jenn and Joe Delle Fave were content with buying one rental per year, an impressive feat for any rookie investor. But then they discovered an investing strategy that gave them even more buying power and the ability to take down several deals each year. Since pivoting to this business model, they spend less time managing their properties, enjoy three different types of cash flow, and help renters become homeowners in the process!
In this episode, Jenn and Joe will tell you everything you need to know about the rent-to-own strategy and how to get started without buying any new rentals. Along the way, you’ll learn about building your buy-box, finding and screening high-quality tenant-buyers, and creating option and lease agreements. They will even walk you through one of their deals and share some potential rent-to-own pitfalls to avoid!
In This Episode We Cover
The most “passive” way to get MORE cash flow from your rentals
The three types of cash flow that come with rent-to-own homes
Why the rent-to-own strategy is the easiest way to scale your portfolio
How to build your rent-to-own buy box and find high-quality tenant-buyers
The two agreements you NEED when placing a new tenant-buyer
And So Much More!
(00:00) Intro
(01:05) What Is Rent-to-Own?
(08:34) THREE Types of Cash Flow?!
(16:58) Lease & Option Agreements
(26:00) The Renter's Path to Homeownership
(33:34) Getting Started & Common Pitfalls
(38:58) Where to Find Tenant-Buyers
(44:32) Connect with Jenn & Joe!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-427
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