What to do First: The first thing you need to is find an attorney who has a thorough knowledge of the Rent-to Own process.

What to do First: The first thing you need to is find an attorney who has a thorough knowledge of the Rent-to Own process. You will need to arrange a separate Rental Lease and separate Option to buy agreement. Your attorney will assist you with this. The second thing you need to do is start hunting!!! Get organized. Any inexpensive log book will do. You will want to list the address, owner’s date called, description of the home, owner’s phone, etc. You can also use a template on Microsoft Office for this purpose. As we described in this quick e-guides manual, one of the best ways to locate a property is the Sunday newspaper. Go over every ad with a fine tooth comb, and write notes on each property during and IMMEDIATELY AFTER each call. When you get the owner interested in doing a Rent to Own, set up an appointment to see the property. It is very important that you have the owner agree on Rent to Own BEFORE you travel all the way to the property. Believe it or not, with this handy guide you know as much as you need to know to get into a property on a Rent to Own basis. We wish you the best of luck in your search for a new home. Best Regards, The HomeStarSearch.com team..

Finding Deals- Sources of Motivated Sellers As a prospective tenant-buyer, your primary goal is to find motivated sellers and landlords! The plan is very simple. Don’t deviate from it. If you try to deal with unmotivated sellers and landlords, you will only face a lot of heartache and frustration. The purpose of this section is for you to discover various sources where you will be able to find motivated sellers and landlords. The best place to start is right here at Homestarsearch.com. We specialize in finding homes that are available for Rent to Own, Lease Option, Lease Purchase and Seller Financing nationwide. To ensure that you have explored all the options available to you, you may also want to check these sources: Newspaper You will find many motivated sellers and landlords in the “For Rent” section of the newspaper and “For Sale” section. Look for keywords such as MUST SELL, DIVORCE MUST RELOCATE,AVAILABLE IMMEDIATELY, etc. As an investor, we have set up a ranking schedule where on a scale of 1 to 10, I rank homeowners and landlords based on the level of motivation that I sense on the phone. Motivation Level (10 is the highest) 1. Must sell 2. Relocating 3. Undervalued 4. Second Home 5. Great Investment 6. Low Down 7. Owner Financing 8. Rent to Own 9. Estate Sale (Big!) 10. Sacrifice- Must Sell Every Sunday, you should cut and clip ads from the newspaper and rank them based on the conversation. It is a simple and very passive way for the most timid investor to start a cash-flow machine using lease options.