What we do...
We are Real Estate Investors specializing in Rent To Own, Lease Purchase & Seller Finance Properties. Our programs help facilitate Real Estate transactions in today's economy.
Our main point of focus is homeowners who have properties with little or no equity that are not currently in default. These programs can also help those homeowners who are simply just having trouble selling their homes and are not willing to continue discounting their property. Current market values have eaten up a lot of our equity making it very tough to sell our properties through traditional methods. Commissions and fees associated with traditional methods may make selling our property impossible unless we are willing to lose money or have the ability to bring cash to closing. In other words, pay someone to buy our properties.
If you would like to buy a home, you have come to the right place too. Our no bank qualifying programs can help you move into a home today, while giving you time to qualify for a new mortgage down the road. Investors can also benefit from being able to buy our properties at a discount.
We are also involved in other areas or real estate investing. If you have a particular real estate situation let us know. We may be interested or able to help.
Challenges Facing Home Buyers
In 2008 the housing market crashed and the United states economy went into a severe recession. Over 220 banks and financial institutions across the country either went out of business or had to be taken over, including Lehman Brothers, Washington Mutual and Wachovia. Other major lenders and institutions such as Citigroup and Bank of America, as well as AIG, the worlds largest insurance company, received help form the government to avoid bankruptcy.
The housing market crash has undoubtedly made homes more affordable. However, the financial crises and failure of so many banks mean that there is less money available for people looking to buy a home. Credit is essentially frozen as the few remaining banks are being overly cautious by imposing extremely strict lending requirements or are simply denying new home loan applications.
New lending requirements mean that people with any of the following typically find it difficult to qualify for bank financing right now.
-Divorce -Blemished credit
-New Job (less than 2 years in existing employment) -Insufficient down payment
-Self employed/small business owners -Limited credit history
-People needing to move quickly -Insufficient reserves
-Existing debt (credit cards, car loans, etc.) -Previous bankruptcy or foreclosure
Rent to Own
Rent to own, also known as lease with the option to purchase, is a transaction in which the buyer agrees to rent a property for a period of time with the option of purchasing at a later date. In exchange for a down payment, the tenant is guaranteed an exclusive right to purchase the home within the agreed upon time period. This means you can lock in the low prices available today and close on the home in the future when you are able to qualify for traditional financing. Rent to own transactions are only for people who have a realistic chance of qualifying for a new mortgage before the end of the agreed upon time period.
Owner financing, also known as seller financing, is a transaction in which the seller of a property agrees to take all or part of the purchase price in regular installments over a period of time. Since the seller is accepting payments over time, a larger down payment is usually required and interest is charged on the remaining balance. Owner financing allows you the benefits of home ownership without any of the delays, stumbling blocks or headaches associated with borrowing money from a bank or lender.
We also offer wholesale properties as they become available for people who can immediately qualify for a new loan or for those with cash looking for great bargains.
We have fully furnished corporate rentals. These properties are extremely nice and are completely furnished. They have everything a person would need in a home away from home and all utilities are included. These properties are located in St. Joseph, MO near Missouri Western State University and Heartland Hospital. Corporate rentals are available on a 1 year lease basis.