In South Orange County, California finding affordable rentals for anyone, let alone a senior citizen who has very little savings, sounds like a true oxymoron. However with some research, time and a great deal of persistence something that resembles, or at least comes close to being budget conscious can be attained.
The realestate lease purchase option — also called a rent to own — can reap profits for the savvy seller, especially in a slow housing market. Here are some lease option to buy explanations that can give you the confidence of an expert in this creative financial technique.
In the last article we looked at a few of the things you should consider before leasing that first office or storefront for your business. To recap, you should not only consider the old standard “location, location, location,” but also consider things like sufficient parking, the number of employees who will be working onsite, and future growth projections. I stressed that it was important not to get caught up in the moment. You should take your time to find the space best suited for your business for the long haul, not just for today.
When I bought my rental buildings I was not planning to rent to Section 8 tenants, I didn’t even know what Section 8 was! One day a pleasant young mother called to inquire as to whether I would accept Section 8. I took an instant liking to her, and made a call to the city to found out how this program works. Basically, the city pays the rent, and the federal government reimburses the city. There is a lot of extra paperwork, but once you understand the process, it goes rather smoothly.
