The Power of Rent to Own and What it Means For Realtors | Episode 52

If you are involved with real estate, chances are that you have heard the term "Rent to Own". On today's episode- David, David and yes, a 3rd David cover the Rent to Own world and how this impacts realtors! Todays' guest is David Pereira (@renttogrowhomes). David is the Managing Partner of Rent to Grow Homes, as well as the President of Get LIFT Agency. A little background on Rent to Grow Homes: "Our mission at Rent To Grow Homes is to guide deserving families onto the path of home ownership. With a focus on minimizing risk and increasing the rate of successful deals, our program is structured to generously benefits all involved parties including the tenant buyer, investor, realtor and ourselves. Send us an email to [email protected] . If we qualify and place your tenant-buyer you’ll get a $1,500 referral fee AND you can be the realtor on the purchase." Agenda for today's episode: Co-founder of Rent To Grow Homes (started in 2021) Have been a real estate investor for 8 years and explored several strategies (pre-con condo, triplex, single-family home) Was the investor in an RTO deal in 2020 and decided to become an operator because my partner and I believe so much in the model Hired a coach, vetted experts in the ecosystem, spoke to all the other RTO operators and learned what to do and not to do…and launched the business Rent to Own (RTO) is a program that helps renters with good employment income become homeowners even when they cannot obtain a traditional mortgage today due to credit issues. Find a new audience to serve Secure financing for your tenant/buyer when banks say no Earn home purchase commission vs. rental commission Enable your renter clients to get on the path of home ownership Enable your investor clients to get 20% annually in a passive investment Receive a $1500 referral bonus for introducing a qualified investor or tenant-buyer Find and move into a home that you want to live in…today Improve your credit under the guidance of a credit coach Reap the benefits of a hot Ontario real estate market Own the home in 3 or 4 years at a pre-determined price Typically, someone who has experienced financial difficulty, poor credit management or has no credit ____________________________________________________________   Join us as we explore the ins and outs of the real estate market, and dive deep to understand the issues affecting buyers, sellers, investors and businesses. If you love real estate as much as we do, sit back, relax and gain an insider's edge to the exciting world of real estate. David Gorski is a broker and the owner of Sutton Summit Realty—a boutique brokerage providing guidance to over 230 realtors, and David Korman is a partner at Kormans LLP—a boutique law firm focusing on residential and commercial real estate transactions   STAY CONNECTED:   🔗 Get a free consultation: https://linktr.ee/KormansLLP  ✔ INSTAGRAM: https://www.instagram.com/kormansllp/ ✔ TIKTOK: https://www.tiktok.com/@kormansllp ✔ TWITTER: https://twitter.com/kormansllp ✔ FACEBOOK: https://www.facebook.com/kormansLLP ✔ LINKEDIN: https://ca.linkedin.com/company/kormansllp