RENT TO OWN
I am pre-qualified for a mortgage. Do I have to do the Lease Option program?
We love working with ready, able, and willing BUYERS! Let’s get you into this property ASAP! You have been moved to the front of the line. VIP status.
How much does it take to move in?
The smallest Option Fee we will accept is $5,000. The largest we have received was $20,000. We are willing to accept more but not willing to accept less.
We are thinking about listing our house. Would you come over and give us some tips before we list it? Would you be interested in listing it for us?
We’re glad to book a Real Estate Consultation and give our opinion of what you should or shouldn’t do before listing the property. Sign up for a Seller Phone call HERE to go over the property, our rates and availability. We really enjoy buying houses and working directly with Buyers and Sellers and are currently not Listing houses. If Listing is the best option we will refer you to one of our highly skilled referral partners.
Does the Option Fee count towards the Purchase Price?
The first $5,000 of most Option Fees will not count towards your Purchase Price. This is simply the fee to get into one of these amazing opportunities we provide to the community. It covers the paperwork from the attorneys, marketing, our assistant and our initial fee for the service. After the first $5,000, we like to work in $5,000 increments. The more you put down, the less we need per month. So, if you put $20,000 down and we’re asking $1,500 per month, we could probably negotiate a smaller monthly payment. It will depend on the house. Sometimes, our payment is $1,500 and we can’t take less. Usually, the more you put down in the beginning, the easier it is for us to work out some sort of deal with you and the property. After the first $5,000, we start to give you credit off the purchase price for the other $5,000 increments. *** Luxury houses may require $10,000+ down in the Option Fee. For example, lake houses, vacation properties and million-dollar horse farms will require more than $5,000 to move in. We reserve the right to establish an Option Fee on every, individual property. This is merely a guideline.
I don’t know anyone with $1,000, much less $5,000 or more. Why do you charge so much?
This is real estate. It takes money to buy houses especially if you have bad credit, a bankruptcy, a bad divorce, or student loans. We are serious about our business, and we only want Tenant Buyers who can commit to purchasing a property. We do have other rentals available if you are looking for a nice place to live but aren’t ready to buy quite yet.
What if I have bad credit? No credit? Bankruptcy? Bad divorce? Student loans?
That’s cool with us. We have worked with other Tenant Buyers who did not qualify for a mortgage at the time they moved into the house but 12- 24 months later, they had improved their credit, established a job history, waited out the bankruptcy or “fixed” whatever issue held them back from going to a regular mortgage broker and purchasing the property.
Should I fill out the application before I see the house?
No, you must see the house first.
Are my pets allowed?
Absolutely! This is your home! Bring on the critters! You are the one trying to buy the house, so if they destroy it, it’s your problem! Remember, most banks will have the house inspected and appraised before they hand over a mortgage.
Does Growth Acquisitions LLC pay a cooperating compensation to a buyer’s agent?
No. we usually work directly with sellers and buyers. If you signed a buyer’s representation with an agent, you are responsible for making sure they are compensated. If you are an agent and have a buyer who needs Owner Financing or a Lease Option, you must collect a commission from the buyer you represent if they are approved for one of our houses.
What if I don’t have a job? Or I’m paid in cash?
To purchase a house, you must present the previous two years tax returns to a mortgage broker to verify employment. Since our goal is for you to BUY the house, you must be able to show proof of income that will qualify you to purchase the home.
What if I can’t get a loan in two years?
Why couldn’t you? Did you do everything to improve your credit? Did you make all your payments on time? Did you take out new loans against our guidance? Did you hold a steady job to show on your tax filings the appropriate income to qualify for a loan? We will do everything we can to move you towards homeownership, but we can’t balance your checkbook or make impulse decisions for you. If you fail to do your part, you could forfeit your Option Fee, Down payment, rent payments and opportunity to complete a Lease Option with us. Or we could extend the contract, but it will cost money. This is a big decision. Don’t let yourself down. Don’t mess up this solid opportunity. We’re here to help!!!!
Is there an application? Application fee?
Yes. Anyone who is planning on being on the lease or mortgage needs to fill out an application. The fee is $50 per person if you complete it online HERE.
By applying, you agree to a credit check, criminal history, employment verification and past landlord experience.
-We understand you may have a low credit score. You can improve it. -We understand you are moving to the area and don’t have a job yet. You can find one. -We understand you have a criminal history. We’re sure you learned your lesson. -We do not accept clients with a previous eviction on their record. -Be open and honest with us when you apply. If we have three applications on one house and two look promising, there may not be a need for you to submit an application. However, we have had situations where the 4th person to apply was able to move in and buy the property. Side note: Children under 18 who will live in the residence but not contribute to the mortgage do not need to fill out the application. Adults who will work towards a mortgage need to fill out and submit an application. This may be you, you and a partner, you and a spouse, you and a parent or your partner/spouse/parent without you.
What is Growth Acquisitions LLC?
Growth Acquisitions LLC is a real estate investment company in North and South Carolina. We specialize in Wholesale, Owner Financing and Lease Options of Residential, Commercial Multifamily properties. Our Company is owned and operated by licensed real estate brokers and we do not represent any buyer nor seller during our transactions an operate with our own interest to acquire properties.
Legal Disclaimers: Rent To Own refers to properties for sale with lease-option financing. This site does not charge for rental listings and is not a Pre Paid listing Service as defined by California Business and Professions Code 10167.
Terms of credit during rental period dependent on agreement with homeowner. Terms of credit may affect ability to qualify for home loan at end of lease period.
All properties are sold for cash or hard money. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move fast so contact us quickly if there is a property you want to purchase. Our company is owned and operated by licensed real estate agents and they do not represent you in the buying nor selling process of any transactions. You can hire your own representation at your convenience and expense.
@ 2022 Copyright. All rights reserved.