Renting to Own - My response to a question about doing it right....

Someone sent me a question on Facebook about renting to own. I do have a friend who like many other people got caught up in some nonsense with a "rent to own" here in Cape Coral and wound up losing a tremendous amount of money. He hadn't come to me to review the paperwork first. Had he engaged a Realtor to represent him in the transaction which I would have done at no cost to the seller since he had already established a relationship with her she might have thought twice about selling the house out from under him and stealing his money.

Anyway heres the question and the answer I wrote back. If you use facebook and want to connect iwth me there, send me a request. Anyone seeking advice is always welcome to call on me.

-Mike Urbinato

Hi,

I was wondering if you do any rent to own type thing? My husband and my credit isn't great or even good. We want to buy a house of our own but no one is wanting to work with us. I was just wondering if you do rent to owns or know anyone who is not going to really screw us around that does? Please email me back and let me know!

Thank you
Karen

Dear Karen,

Thank you for asking, I consider it an honor when someone calls on me for advice.

I get alot of inquires about leasing to own them and not so many from people who've already heard that they are indeed very sticky, and you can get caught out there unless the whole thing is handled correctly.

So being as I'm a Realtor and it's my job to help and protect people with thier real estate needs I advise people looking to become homeowners thru unconventional means. I've allied with professionals in credit repair, financial planning, private lending and law to bring try to bring it all together for people.

If you're interested in sitting down with someone to discuss getting your situation to where you could get a conventional loan within 1.5 to 3 years we can meet in my office.

Feel free to call me or email me if you have questions or would like to set something up. My cell is 239-200-5742 email is MikeUrbinato@gmail.com

Thank you for the inquiry and I look forward to helping you!

-Mike