<description>&lt;p&gt;We explore the concept of rent-to-own real estate in Canada, comparing it to car leasing and explaining how it bridges the gap between renting and owning property. &lt;/p&gt; &lt;ul&gt; &lt;li&gt;Rent-to-own offers two main agreement types: a lease option agreement where tenants have the choice to buy, and a lease purchase agreement where they're obligated to buy at the end of the term⁠&lt;/li&gt; &lt;li&gt;The typical structure includes an upfront option fee (1-5% of home price), monthly rent payments with a portion going toward the future purchase, and a predetermined purchase price⁠&lt;/li&gt; &lt;li&gt;This strategy is particularly beneficial for people who can't qualify for traditional mortgages due to insufficient down payment, low credit scores, or non-traditional income sources⁠&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;&lt;strong&gt;&lt;a href="https://www.realist.ca/webinar"&gt;Sign Up For The Next Webinar Realist &lt;/a&gt;&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;Join the best community in Canadian Real Estate &lt;a href="https://www.realist.ca/"&gt;realist.ca&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Attend a Meetups&lt;/strong&gt;  &lt;a href="https://www.meetup.com/pro/canadian-millennial-real-estate-investors/"&gt;Meetups&lt;/a&gt;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Nick &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;Instagram.com/mybuddynick&lt;/p&gt; &lt;p&gt;tiktok.com/@mybuddynick&lt;/p&gt; &lt;p&gt;twitter.com/mybuddynick89&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Dan&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;twitter.com/daniel_foch &lt;/p&gt; &lt;p&gt;instagram.com/danielfoch&lt;/p&gt; &lt;p&gt;tiktok.com/@danielfoch&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

The Canadian Real Estate Investor

Daniel Foch & Nick Hill

How Rent-to-Own Real Estate Works

DEC 10, 202438 MIN
The Canadian Real Estate Investor

How Rent-to-Own Real Estate Works

DEC 10, 202438 MIN

Description

We explore the concept of rent-to-own real estate in Canada, comparing it to car leasing and explaining how it bridges the gap between renting and owning property. 

  • Rent-to-own offers two main agreement types: a lease option agreement where tenants have the choice to buy, and a lease purchase agreement where they're obligated to buy at the end of the term⁠
  • The typical structure includes an upfront option fee (1-5% of home price), monthly rent payments with a portion going toward the future purchase, and a predetermined purchase price⁠
  • This strategy is particularly beneficial for people who can't qualify for traditional mortgages due to insufficient down payment, low credit scores, or non-traditional income sources⁠

Sign Up For The Next Webinar Realist 

Join the best community in Canadian Real Estate realist.ca

Attend a Meetups  Meetups

Nick 

Instagram.com/mybuddynick

tiktok.com/@mybuddynick

twitter.com/mybuddynick89

Dan

twitter.com/daniel_foch 

instagram.com/danielfoch

tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.