Updated over 8 years ago on . Most recent reply
Finding tenants for Subject 2 lease option financing?
Hey all, An investment strategy i am pursuing are properties i can acquire under 'Sub-to' terms. I would then want to find tenants i could offer lease option terms to. I'm in the Raleigh, NC market. Besides my local REIA, who else could i contact for info on finding qualifying applicants i can offer rent-to-own options to? Craigslist maybe? I would want applicants would could qualify for a loan at the end of the lease agreement but I guess i would also want potential applicants would can't qualify for a conventional loan because of not so good credit. Does that make sense?
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Craigslist, Zillow and Trulia.
Folks with bad credit looking to buy a house on rent-to-own are not difficult to find. Weeding thru the ones to make sure they have money for a deposit and that they will be able to clean up their credit and qualify is the bigger problem.