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Local RestaurantsAs mentioned, one of the things that Las Vegas is known for is the high life and it's plethora of fantastic restaurants. However, the city doesn't only cater to wealthy out-of-towers; it also has a range of restaurants to suit all tastes and budgets. If you're a meat lover, Steakhouse is perfect, allowing you to indulge your passion for high protein meals without the tacky decorations that many other steakhouses enjoy. If your preference is more towards Thai and Oriental cuisine, check out Lotus of Siam, a fantastic eatery with a menu and wine list that would put even the largest and most expensive restaurants to shame. If you want to go a little more upmarket, check out Restaurant Gun Savoy, a French restaurant found in Caesars Palace. With high prices, you'd expect fantastic food and incredible service, and that is exactly what you'll get. Or, if you're an avid art lover, why not dine surrounded by some world famous art? Head to Picasso at the Bellagio and you'll be able to do just that. What art will you see? Well, the clue is in the name! Vegas really is teeming with dining options in all price ranges and food types, so you'll never be left wanting for a succulent steak or delicious Thai curry.
My husband and I were letting my sister and her husband rent to own our house. We do have a mortgage on it. I know we made a big mistake by not drawing up a written contract….it’s all been verbal. The mortgage payment consisted of the monthly mortgage payment, property tax & homeowners insurance. They have lived there for 2 yrs and for the past year have had a dispute with the neighbors and because we don’t want to be involved our family members decided they are moving and are going to sue us for all the rent that they paid to live there and any renovations they made there. We never asked them to do these renovations. They took it upon themselves to do so, some of which we were never privy to beforehand. My question to you is, do they have a case? Will we have to pay them back for 2 yrs of rent and renovations?
I’m so excited because I never believed I could get rid of the negative items (Eviction, collections, late payments, medical bills and student loan) recorded on my credit profile. Couple of months ago I contacted some credit repair company after paying a nonrefundable deposit service charge, they could barely delete an item from my credit report. I became troubled and decided to express my feelings to my colleague at work who referred me to a hacker TITANIUM REPAIR SERVICES. I mailed [email protected] and texted +1 (972) 256 8657. I explained my last experience to them about how I paid certain amount for this job and nothing good was done on my credit report then he told me to trust his work. I gave him a try and the job was done neatly, he raised my credit score to a high 780 so I can apply for anything. I believe most of you have credit issues and would probably consider this opportunity.
I thought you said in your article you didn’t believe in rent premiums, that you heard “horror stories” of people paying higher rent? You said “rent should be whatever reasonable market rent the home justifies. The rent should not be higher because of the lease option component of the deal”. Which is it? You said “rent is rent”. Well, premium means just that, a premium above the market rent to be applied toward the purchase price. PLEASE, any renters reading this, PLEASE take it with a grain of salt. Do some real research.
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What happens when you find the home of your dreams but aren’t quite ready to take out a loan and accept responsibility for a mortgage and property upkeep expenses? You hope there’s a rent-to-own option. This type of contract allows you to rent the home for a designated period of time with the understanding that you can purchase the home near the end of the contract. This gives you time to adjust to your new neighborhood and shop around for the best lender to service your mortgage application. You can end up in a better financial position for taking that time, and you don’t lose out on the home since you get to move in right away as a renter.

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Q: It has been almost a year since the short sale of our previous home. We don't believe we will be able to qualify for a mortgage for a while yet. Do Realtors assist buyers in finding a situation where we could rent a home for a period of time (say, a year), with the intention of purchasing it at the end of that time period? Or is that not really something Realtors do?

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This option, also referred to as a land installment contract or contract for deed is the most popular contract for RTO agreements. A lease purchase contract uses traditional rental contracts, and it locks the tenant into purchasing the house once the contract is up. It should include rent amounts and due dates, rent credit amounts, property price, terms and rules, and duration of the contract. You will also have to decide who takes care of maintenance and repairs while the RTO contract is binding, and what portion of the rent payment goes to the down payment amount as a rent credit. This type of contract makes it mandatory for the tenant to purchase the home once the contract is up. If they choose not to, or if they're unable to, they can face legal issues.
We made payments every month on time each month and spoke to the sellers often. They never mentioned anything about their having any financial problems. One day, I noticed a car stop in front of the home and took several pictures without even exiting the car. I asked again if there was a problem with the home and was again reassured all was well. Well, she must have felt guilty and contacted be toward the end of that month and told me that their mortgage company was planning to forclose as her husband had had a severe accident and hadn’t been able to work. I’m not sure at what point they stopped paying their mortgage, but she told not to send the payments to them anymore, so we didn’t.

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In most lease purchase arrangements, the tenant receives a credit that will go toward the purchase price if they buy the property. This money goes to the homeowner, and is generally not refundable. So it doesn’t go into an escrow account, and it doesn’t go back into your pocket if you decide not to buy the home. But it does reduce the home’s purchase price if you decide to purchase the home.


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One of the interesting things about the rent to own financing option is that it is often home owner financed. Meaning, in many cases the bank plays no role other than administrator in the entire financing of the home. While this article will outline some of the basic closing costs associated with the typical rent to own contract, it is important to be aware that the home seller can create closing costs of their own.
It's Flexible. While you will have more flexibility initially with this type of contract than with a traditional mortgage, once the contract is signed, it's pretty set. It is very rare that both the buyer and the seller agree on alterations to the original contract. The price of the property is usually set, and this is the price that the buyer will have to pay once the contract is up, regardless of the home's current market value.
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If you have a lease-purchase contract, you may be legally obligated to buy the property when the lease expires. This can be problematic for many reasons, especially if you aren’t able to secure a mortgage. Lease-option contracts are almost always preferable to lease-purchase contracts because they offer more flexibility and you don’t risk getting sued if you are unwilling or unable to buy the home when the lease expires.

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Thank you very much for the informative opinion,do you know of any honest as you would call them ” pro-tenant” landlord in South Florida area? I am looking into entering a rent to own lease and would really appreciate someone who has both parties favorable outcome. Thanks again I really enjoyed reading your opinion, people should really consider that this article is optionable never once did you mention that this is the only way to go, I definitely found it insightful.
This property is available on a rent-to-own basis. $1800 per month $9,999 down (negotiable, and goes towards purchase price) (Rent to own purchase price of $382,500) ... and this lovely rent to own home can be yours! Bad credit ok! No credit = no problem! **to learn more about how rent to own works, or to get exclusive access to my list of rent to own homes that you can't find anywhere else, please visit http www.stoppayingrentcali.com** South Palm Desert home remodeled to today's standards, with loads of tasteful extras. Fresh, modern. Light and bright. New kitchen with custom cabinets, granite countertops, baths, flooring, lighting, fireplace, front entry and sidelights. Side yard is 14 feet wide for RV parking. Sits on a huge 0.26 acre lot.
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Pre Holdings, LLC, Pre Property Solutions and affiliated or subsidiary companies are not real estate brokers or agents. Pre Property Solutions is a real estate investment company. All properties are either owned by Pre or the company has a purchase contract and/or option with the owner of the property, which Pre may assign to third parties. Pre Property Solutions is not a real estate brokerage and does not provide realtor services to the public, or to any of the parties to which it has contractual relationships.

One of the major disadvantages of trying to patent something is the cost involved. It can cost several thousand dollars, possibly even five or six figures. There is a provisional patent you can get that is much cheaper, and costs only fifty dollars for one year to protect your idea. This option will buy you time to get the higher cost patent as explained in https://steemit.com/innovation/@fiserman/what-does-it-take-to-become-a-modern-inventor-in-2019.
Transportation and CommutesLas Vegas has a lot of options for transportation, both public and private. RTC is one such public system that offers a bus service throughout the main city and other suburban areas in the valley. For a quick commute to the Strip from Downtown, or to reach the Convention Center or Town Square, a transit link exists called the Strip & Downtown Express. As you may expect, this service includes few stops, and is intended to ease congestion on the major traffic routes between the city's major hubs of activity. For drivers commuting into the city from outlying areas, two major interstates -- 15 and 515 -- cross over into downtown Las Vegas, making the city easily commutable. In addition, taxis are readily available for easy trips, and the city has a walkability rating that puts it at number 25 on the USA's most walkable cities.
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Watch out for lease-purchase contracts. With these, you could be legally obligated to buy the home at the end of the lease – whether you can afford to or not. To have the option to buy without the obligation, it needs to be a lease-option contract. Because legalese can be challenging to decipher, it’s always a good idea to review the contract with a qualified real estate attorney before signing anything, so you know your rights and exactly what you’re getting into.

There are a lot of homeowners associations, otherwise known as HOAs, in Las Vegas. The advantage to living in a community governed by an HOA is that you won’t have to worry about neighbors that don’t take care of their property or disturbances that could disrupt the quality of life you want to enjoy. The downside is that you have to follow the rules just like everyone else, and that could mean restrictions on how you decorate the exterior of your home or your ability to operate a daycare or other business from your house. Before you start looking at homes in this city, you should determine your stance on this issue because there are a lot of HOAs in operation here.
Who is the best and first person I should contact in regards to RTO/LTO?? I have heard some people say contact a realtor, contact a broker, contact a realtor that specializes in RTO/LTO because many sellers are not interested in these kinds of deals, contact a real estate lawyer. I am also hearing make sure you have 3 contract others say 2 contracts, some say get an inspector, don’t get an inspector….. it’s all a lot of info to take in.
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We made payments every month on time each month and spoke to the sellers often. They never mentioned anything about their having any financial problems. One day, I noticed a car stop in front of the home and took several pictures without even exiting the car. I asked again if there was a problem with the home and was again reassured all was well. Well, she must have felt guilty and contacted be toward the end of that month and told me that their mortgage company was planning to forclose as her husband had had a severe accident and hadn’t been able to work. I’m not sure at what point they stopped paying their mortgage, but she told not to send the payments to them anymore, so we didn’t.
Owning a home is truly the American Dream. Buying a home can be a difficult process, especially for those with poor credit, no credit and/or a limited amount to invest. A Lease to Own, also known as Rent to Own, Option may be just for you! Based on your individual criteria, we can be very creative with financing and fit it to your needs. We are not loan brokers, bankers, real estate agents or selling homes for someone else, we are the owners or we have a legal equitable interest in the property.
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