Why should I consider renting to own?

We understand that bad things can happen to good people. A number of things affect your credit rating such as sickness, injury, loss of job, divorce, etc. If you've experienced any of the above, or if you've simply fallen behind on monthly obligations, your credit may prevent you from living the life you’ve dreamt of.

Every investment requires capital (money), and if you don't have the capital, you have to apply for a loan. Unfortunately, unless you have squeaky clean credit, your options are limited. It doesn't matter who you are, or what you've been through, a bank will not lend you money because you're considered a risk.

Here’s Why Lease-Options (or Rent-to-Owns) Are Advantageous:

The main advantage is that at the end of your lease, should you decide to purchase, any and all equity that you’ve built while renting can be applied as your down payment when you buy!

Lenders have recently begun to increase the requirements to be able to purchase homes due to the large number of foreclosures happening across the Nation. 100% loans are becoming a rarely offered product, unless you’ve got perfect credit. With a Lease-Option, your loan is actually considered a “Refinance” rather than a typical “Purchase,” which means you can not only use your equity as your down payment, but you’ll also get a much lower interest rate and payment then if you came to the table with no down payment!

Our team, here, at Silver Lining Properties exists to help people who don't have the means to get conventional financing to buy a house or condo. Just because a few things have gotten you down, don't let them keep you down!...Take advantage of our program and begin building equity today!

We have many helpful resources to assist you in getting back on track – from credit rebuilding, to the loan process, we are here for you and want you to succeed!

If you've been searching for an opportunity to make the jump from renting to home ownership - your search stops here.

Here's how the program works

1) We find investors who are fed up with renters! Renters often trash the home/apartment they live in because it's not theirs. Renters move as often as every 6 months, and the owners are left to clean and restore to like-new condition each time the renters move out. With our program the owner still reaps the tax advantages of having a rental property, but because of the down payment requirement the renters (you) have a vested interest in the property. This gives the seller somewhat of a guarantee that you'll treat the property as if it were your own (after all, it is going to be yours as soon as you're able to purchase it!).

2) You get a guaranteed, locked in purchase price, and rent price - neither can increase! Unlike other rent-to-own programs out there, we only mark up properties 6% per year. For example, if a house has a market value today of $200,000, the locked in purchase price for the 1 year lease will be $212,000 & the locked in purchase price for the 2 year lease will be $224,720.  This increased purchase price means that the seller is rewarded with 6% equity per year, and anything above and beyond goes to you!

3) Your down payment and a portion of your monthly rent also apply towards the purchase price!

 Most cities in Washington State are currently experiencing appreciation rates anywhere from 7 - 22% per year (that means that whatever your home is worth today, it is increasing by a certain percentage per year...and you're still buying it for your original, locked in purchase price. You could have $20,000, $40,000 or maybe even $60,000 in equity before you even purchase! Not only are you buying a home, you are making an investment! Additionally, your rent price is locked in - no surprises!

 Where do I start?

a) Simply browse our inventory of homes - when you find one that interests you, contact one of our team members to arrange a showing.

b) We’ll send you an application to fill out. We run a tenant screening application similar to what any apartment complex would run, however, a criminal record or bad credit does not necessarily discount you! Results are in within 24 hours.

c) Upon approval, we set up an appointment for you to come in to sign the Lease Agreement, you bring in your down payment plus first month’s rent, and YOU LEAVE WITH THE KEYS!

The entire process can take as little as 24-48 hours!

STOP RENTING and START BUILDING EQUITY TODAY!

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