Explore the benefits of a Contract for Deed. Learn how this rent-to-own strategy can help you achieve homeownership sooner!
Renting to Own: The Advantages of a Contract for Deed
Brook Reutter is a Managing Member at Stonebrook Investment Group, a real estate investment and holding company. He is also the Supervisor of Corporate Billings and Collections at Verizon. With over 25 years of experience as a residential real estate investor, Brook focuses on owner financing by offering his tenants ownership through a contract for deed.
Here’s a glimpse of what you’ll learn:
- Brook Reutter shares how he entered the investment financing space
- The difference between a rental contract and a contract for a deed
- Advice for evaluating and acquiring real estate liquidity
- Brook explains the terms and conditions of a contract for a deed
- How does a due-on-sale clause affect a contract for a deed?
- The importance of building relationships with bankers
- Brook’s real estate investment tips for millennials
In this episode…
Traditional rental contracts are often demanding in the real estate investment space, with landlords holding too much power over their tenants. A contract for deed is a profitable option for investors as it streamlines the transaction process and gives tenants the freedom to own. What should you know about this financing option as an investor, and how can you capitalize on it?
Contracts for deeds allow buyers to make monthly payments on a property upon which they receive the title after completing the payments. The buyer must pay the investor principal, interest, taxes, and insurance during the process. Brook Reutter advises consulting a third party, such as an accountant, to mediate the transactions. This allows the buyer to withdraw from the contract at will and the investor to resell the property based on current interest rates.
In this episode of The Same Day Podcast, Mat Zalk hosts Brook Reutter, Managing Member at Stonebrooke Investment Group, to discuss the specifications of a contract for deed. Brook explains the difference between a rental contract and a contract for deed, how a due on sale clause impacts a contract for deed and the importance of building relationships with bankers.
Sponsor for this episode…
This episode is brought to you by Keyrenter Property Management.
Keyrenter Property Management is a full-service property management company who helps their clients buy, renovate, and operate real estate assets.
They help clients build wealth while taking the headache out of property management.
That’s why, no matter what rental you have—single-family homes, condos, townhomes, or apartments—they can give you the management solutions you need.
To learn more about their services, visit https://keyrenterpmc.com/ or email them at [email protected].