King Jai Real Estate is Nationwide Home Buying Company. Call us 702-996-6435

If you are looking to sell a property fast, King Jai Real Estate can offer you a no obligation cash offer. You can sell the property as-is and will not have to worry about making repairs or finding a buyer.

✓ Stress-free and quick as possible.
✓No wait for financing to go through.
✓No wait for financing to go through.
✓Cash transferred in five days or less.
✓Offer and close the sale less than a month.

Do you own a property that has become a hassle?

If you have gotten tired of handling your property or are looking to reinvest in different areas, it might be time to sell your rental property. Selling a rental home can be an intimidating process, but it doesn’t have to be. Have you considered selling to a real estate investor? King Jai Real Estate can offer to buy your rental home “as-is” and can close on the home faster than selling by owner or with a real estate agent by offering another solution to homeowners and landlords in either selling thier property full price or for cash. We are here to help make the selling process as smooth and easy as possible for you.

Call us (702) 996-6435

WHO AM I ? & WHY CHOOSE US

My name is Jai Thompson, USN Veteran and I am the Chairman of BWD Investments, Jai Consulting Group, Jai Buys, Houses, LLC. I have been active in creative real estate since 2015 and have been involved in over 200 real estate transactions. Those transactions have ranged from $15,000.00 homes in Atlanta, GA to multi million dollar estates in Los Angeles California.
I have taken Real Estate Exam in the state of Nevada and I elected by choice to pursue my business as a real estate investor. My business is strictly buying homes for cash and closing quickly.
If you have a housing challenge, please call me at 702-996-6435 as I am confident that I or someone on my team can help solve your problem.
PS. If you or know anyone who takes a lot of vacation please feel free to check out my Hotel Booking website VIP Travel Vegas We do have the best rates. See for yourself
Warmest Regards
Jai Thompson
JaiThompson@1888CashOffer.com
702-506-4504 - direct (cell)

Call us (702) 996-6435

Top Reasons to Sell Your Home Rent To Own

How to Sell Your House “Rent to Own”

I will show the reasons to do a rent to own with me.

You’re about to discover the power of selling your house as a Rent to Own with a basic lesson to help you avoid the pitfalls and even some advanced strategies to maximize your results. The Rent to Own concept is sometimes referred to as a Lease Purchase, a Lease Option or a Lease Purchase Option but they are not all exactly the same. In fact, as you’ll learn, combining the lease with the ability to purchase the property into one agreement can have very different legal consequences than separating them into two documents, a rental agreement and an option to purchase agreement. The opportunity to offer homes on a Rent to Own is absolutely enormous in today’s market and very few investors take advantage of it. When you do though, you can maximize the selling price of your property, avoid real estate commissions and skip the majority of the headaches of being a landlord. Plus, for those properties that need a little bit of TLC, the Rent to Own can be the silver bullet to move that stubborn property quickly and easily. The Rent to Own is a homerun if you do it correctly and this video shows you how:

How to Sell Your House as a “Rent to Own”

If you currently own a home and have any interest in selling or renting it at some point in the future, selling as a rent to own can potentially put tens of thousands more in profits in your pocket.

If you’re renting, a rent to won almost completely eliminates all landlord headaches. Plus, right now there is a huge opportunity to apply this technique in today’s market

Three Ways to Turn Your House into a Cash Flowing Machine

Watch the video in where my Coach and Partner describe the concept of offering a rent to own on a single family home. Judging by the feedback, many people had never heard of this before, even though it has been around for a very long time. Sometimes it’s called a lease purchase, or a lease purchase option, but the reality is offering the property on a rent to own can be incredibly advantageous.

Top 3 Why Rent to Own?

SELL YOUR PROPERTY FOR FULL MARKET VALUE - NO REALTOR COMMISSIONS NO CLOSING COST, NO LANDLORD HEADACHES

Reason 1: More Money

When you offer a property on a rent to own, you first get what is called an up-front option payment. This payment is a nonrefundable, upfront payment that can range from $3,000 all the way up to $10,000 or more. If the purchaser decides to not buy the property you get to keep this money free and clear.

If a rental landlord receives a deposit, they are required to return the deposit once the lease is up; but with a rent to own, the up-front option payment, is completely nonrefundable.

Reason 2: Increased Rent

Many times you can increase the rent by offering rental credits on a property. Rental credits are applied towards the purchase price of the property.
No Landlord Headaches
When you’re a landlord, there is always a fear of something going wrong and needing fixed. With a rent to own, since the person is going to become the owner, the tenant is responsible for most maintenance of the property. Because the tenants are in a locked-in-option price, they feel responsible for fixing up their own home.

Reason 3: Huge Opportunity Right Now

The largest potential home buying population right now are millennials. Millenials are the generation that are out of college, and in their twenties and thirties. This twenty-year block of people is a huge potential rent to own buying audience because 50% cannot qualify for a loan. They are at the age where they are settling down, having kids, and they want that single family home with the white picket fence. This is a huge opportunity right now because there are so many people that fit into this category and are perfect for a rent to own.

RENT TO OWN IS A GIANT OPPORTUNITY

CREATIVE REAL ESTATE SOLUTION

Selling a home as a “Rent to Own” is a huge ocean of opportunity that not many are taking advantage of , so you don’t have hedge-funds, or Wall Street that have thousands of homes

Rent to Own 101

A rent to own is sometimes referred to a lease purchase or lease option, but the idea is that the person is renting the property with the option to purchase, so you’ve structured a purchase price for some point in the future. My suggestion would be to not do a lease purchase or lease purchase option agreement. Instead, first set up a rental agreement. The rental agreement is your typical rental agreement, except the tenant is held responsible for all maintenance, and repairs.

Option Agreement

The second document I want you to put in place is called an option agreement. This is a separate document that is going to stipulate what the price is, and it’s also going to stipulate, in some cases, what the rent credits are. Rent credits are credits are a portion of the rental payment that goes towards the purchase price, when a person makes an on-time rental payment.

Upfront Option-Payment

This upfront option-payment is what the tenant pays for receiving an option agreement on the property. The potential tenant buyer pays for the agreement of an option to buy.

The price of the house is going to be the maximum amount it will appraise for, because they’re typically going to be getting a loan. We’re not asking for you to sell the property for more than value. We’re telling you to sell it for the maximum amount it can be valued at.
What ends up happening is if the tenants don’t pay, this is the document that you bring to court to evict them. Then, this is the document that stipulates that this amount is nonrefundable, so if they get kicked out, they also lose their option money as well.

Ethics

There are many arguments of the ethics of a rent to own agreement. If a rent to own tenant does not pay, they are kicked out and you do not have to pay back their up-front option payment. If someone purchases a home from a bank, they are required to put down a down payment. If they do not pay their loan, the house is foreclosed on, and the bank keeps their down payment.

An option agreement is a great deal for a tenant buyer. The price is locked in for a selected period of time, which means if the value goes up, the tenant buyer benefits because the price is locked in from when they first moved in. I think it is fair on both sides; if you do not pay me, you will get kicked out, and you will lose your upfront money.

Most Won’t End Up Buying

Another major detail with rent to owns is that the vast majority of people do not exercise their option to buy. If they do buy, they are buying at the max amount you can sell for, and you do not have to pay any real estate commissions, so it is great when they do buy, most just don’t. If they don’t, I am okay with that, because I do not lose money either way.

If they don’t take advantage of the opportunity to purchase, that’s their own fault, but I’m at least giving them the opportunity.

WHY DO WE DO THIS? WE LOVE HELPING PEOPLE.

Rent Credits

Rent credits help the tenant buyer build some equity and pay down the purchase price. If the price is $100,000 and a tenant buyer puts down a $5,000 down payment, they now owe only $95,000. If they are paying rent on time and earning say $200 in rent credits a month , that is $2,400 a year. This money is applied towards the purchase price, so that when it comes time to purchase, they owe less. This is absolutely fantastic for people serious about renting to own.

Upsides for Them

Typically at the point in which a tenant buyer can exercise their option to buy, they will be applying for a loan. They will need to get some sort of loan in order to pay you off because you are not going to be holding into this deal and giving them rent credits for the next thirty years. You give them a set period of time, which they can use in order to get their credit right, and improve any issues, that have kept them from qualifying for a traditional loan.
Quick Tip
Rent credits don’t always apply in every state, so study up on your state laws. In cases where rent credits don’t work well for you, you can offer rent credits when they first move in, on the condition that their payments are on time.

Advanced Tips:

1.Tenant buyers are monthly payment sensitive
Just because you’re giving them this great opportunity, they don’t always do the math that the monthly payment is the same amount that it would be if they were getting a mortgage.

They look at it as renters, and so they’re going to compare the math to what it cost to rent, so make sure you don’t try to overprice the monthly payment.The only way you can get away with that, as I mentioned, you can sometimes increase the rental rates, is that if you offer rent credits and you say, “Well, okay, if you do a thousand dollars a month, then you will get a hundred dollars going towards your rent credits, but if you go to eleven hundred a month, then I will give you three hundred in rent credits.

In most cases, statistically they’re not going to actually close on the property, so I can raise the rent by a hundred and still make out better by offering to give them three hundred in rent credits because they may never take advantage of the option to purchase

IF YOU WANTED TO TRY TO THIS ON YOUR OWN. Get Good Legal Help.

The issue is when you have an option to purchase and a rental agreement at the same time, does that spill over into being an installment sale, or laws related to making sure you handle your owner financing correctly? My Coach and partner has a whole video on this law, but the bigger problem is if you ever tried to evict a tenant buyer because they are not paying you, a judge could argue that it was an installment sale and must go through foreclosure.
In most cases, if you’re doing a rental agreement and an option agreement, you don’t have this problem, but I’m not giving you legal advice, so make sure you have good legal help.

Send Calls to Voicemail

If you run a CraigsList ad or put up signs about your rent to own, you are going to get a lot of phone calls. Make sure to send these calls to voicemail because odds are you are going to get a lot of them.

Its Not Recommended to try this on your own. I am here to help you. We currently have over 1600 Qualified tenant Buyers that want to be owners.

If you have any questions please call me 702-996-6435. I do answer my own phone.

Top Rent to Own Pitfalls

Please know that Leasing to Buy Houses is my Top Strategy for helping owners.

Choosing Unwisely

My Coach and Partner has a great video on what everyhomeowner and landlord should know about property management. The main rule is to choose your tenants, or in this case tenant buyers, wisely. You’ve got to research their situation; look at where they live now, where they lived before, talk to the previous landlords. You can even drive by where they currently reside to see how they are treating the property, because its probably how they will treat your property as well. Also be sure to research their employment because you need to make sure you are hiring the right person to move in, because it is a lot harder to move them out, if things go bad.

No Legal Help

In the state of Texas you can’t to a lease purchase for more than six months. Make sure you know the laws in your state by getting legal help do everything right.

Low Down Payment

Make sure you ask for more then what someone would be putting down as a deposit on a normal rental. Your nonrefundable option payment needs to be more to show you that the tenant buyer will be able to afford the monthly payments and are ready to be homeowners. Being a homeowner is expensive so make sure you chose wisely, both from the perspective of them being a tenant, and how much they’ve got available to put down.

Marketing

Market heavily to get the phone calls and responses needed to find the few people that have the money to put down a $3,000-$10,000 option payment, because this substantial amount of money makes it less likely for people to walk away or cause problems. Usually the bigger the down payment, the safer of a deal it will be. Banks ask for 2o% because the know that the bigger the down payment, the better the borrower will be.

That’s how to sell your house rent to own. It can be incredibly profitable, it can reduce landlord headaches, and there is a huge opportunity to apply it in today’s market, but you’ve got to do it cautiously with the right legal help to make sure you have all of the details tied together.

Customer Reviews

We’ve been privileged and blessed to help many great people solve their real estate needs. We are grateful that they took the time to say a few words about their experience with us.

This is really a lifesaver. We had a second property we rented out. It was used and abused. We could fix it up and try to either sell or rent but by this point we were fed up with the headaches and putting more money this into property. We were glad to do a blazing fast sale with Jai and his team and be done with all this. Thank you!

Margaret Johnson,

Riverside, CA

Yep they were good to us. Our 1st house was a money trap. I spoke with Jai and he let us out without too much damage to our family finances. Jai recommended if we need to reset hey will buy your house fast.

Michelle D.

Fresno, CA