JSC Rent To Own Homes
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Get MORE for Your Home Through the RTO Solution!
Trying to sell your home can create anxiety and frustration. Even for the pros. Housing markets are fickle. There are many unknowns… But after reading this Special Report, you may very well have found a very qualified buyer... Who? That would be me… Mike Pappas of JSC Investments, LLC. I can't promise to buy your home during the next week, but I can tell you I'm looking for and acquiring nice homes like yours from other folks in the Chicago area for up to 95% of their asking price with NO COMMISSIONS! With most RealEstate Agent commissions costing 5-7% of the selling price, my offer may net you more than you are even asking for your home!
About JSC Investments, LLC
Just who am I and what do I do? I am a realestate investor who specializes in solving tough realestate problems. Initially, I thought the secret to successful realestate investing was the ability to find the "good deals". The ones that you can buy for thousands below market value… the foreclosures, the fixer-uppers, and the like. However, I quickly realized that these so-called good deals are not all that common and really don't serve the needs of the majority of home sellers. And who wants to sell their home for thousands below market value anyway?
In a rather short amount of time, it became obvious to me that there are too many really good homes out their being offered at fair prices and plenty of willing buyers who would jump at the chance to own these homes. Secondly, there are plenty of sellers who simply cannot afford to sit and wait (sometimes seemingly forever) for a qualified buyer with the right offer. Similarly, there are WAY too many RealEstate salespeople out there that really don't do too much for their commission. Sure they list your property on the Multiple Listing Service (MLS) and maybe have an open house or two; but if they don't produce a buyer, then what? Your home sits and sits and sits while you're locked into a listing agreement for several more weeks. Your life is basically on hold until the house sells.
I realized a huge unmet need. This need was often created by circumstances out of people's control. As this need has grown, so has my resolve to help as many people as I possibly can.
In many cases, there's nothing wrong with the seller's house, rather it's simply the dynamics of supply and demand. For example, in booming areas, many times, local builders continue to supply potential buyers with the option of buying a new home. This reduces the demand for existing houses on the market. As the seller, your house sits there, for sale, sometimes for months, along with hundreds of others…all like brand new. You wonder where are the buyers? As time passes, your situation becomes more urgent and eventually can become a real burden.
What is this unmet need?
It is the need of homeowners to find a SOLUTION to their problem. Many home sellers who may not have enough equity, time, or money to list with an agent or even sell by owner all share in this dilemma. For whatever reason… divorce, death, a new house, marriage, behind in payments, job loss or any other completely real life and common situation... they need to sell quickly and they need relief soon. I have chosen not to become an agent because I have found a better way than using a Realtor 's Multiple Listing Service (MLS) system to get your house sold. Maybe you are in a similar situation as what I have described… If so… read on…
Is This You?
You prepared your home for sale, you spruced up the place, did all the little things you were told to do by your Realtor in order to appeal to the buyers, and you signed a listing agreement with a "RealEstate Professional" with high hopes of selling your home right away. He/she had an open house, advertised your home, told the other "Pros" about your home and entered it into the MLS. Then you waited and waited and waited for an offer…any offer.
People who've never tried to sell a home themselves just don't seem to understand all that's involved: the details, the time, the waiting, the ads that never seem to make the phone ring, strangers walking through your bedroom. Strangers who feel obligated to pick apart the most trivial features of your interior decorating tastes, two-faced people who will smile, nod and act serious, but never call back.
It can be a much bigger hassle than you ever thought possible… in fact, it can easily turn into your worst nightmare!
I buy and sell realestate as a personal investment, so I know what homeowners go through when they try to sell their home. You may still be in the "thinking about it" stage. Maybe you've tried listing your house with an agent… maybe you haven't decided you're ready to go that route yet.
While it can't hurt to list with a RealEstate agent or Broker, by the same token, do they ever seem to have the same "feel" for your home as you do? After all, if you had a computer sitting in your office loaded with hundreds of nice, beautiful houses of all shapes, sizes, and price ranges… what kind of real "selling" would you actually do?
Would you really go all out and work on selling one particular customer's house? Or would you pick out a selection of several houses for your prospective buyers, hoping to land them on one… any one… of the many homes you'd selected?
Come on… you'd go with the numbers. After all, you don't have any personal liability if the seller's house sits an extra week or two… and there's always the next customer. And the next listing. It really all comes down to the fact that the agent has no ownership in the property.
That's why more and more folks have gone the "For Sale by Owner" route: you buy your sign, you place your ad, and you show your home. Then, you wait. You call back the lookers and leave messages on their answering machines. Maybe you actually get a live one, and write up an agreement.
In many cases, several weeks
pass. You start thinking something's going wrong.
Financing?! But it's supposed to be the buyer's job to get
a loan, not yours. Right?!
Now you're right back to square one, with a beautiful house, priced right, and not a clue about how to make it go away while looking down the barrel of a deadline to move.
Look, like I said earlier, people sell homes for various reasons. Maybe it's a new job that requires a move, and they don't want to carry double house payments. Maybe it's company downsizing that creates the problem. It could be bankruptcy or foreclosure… or they could've won the lottery. Perhaps they want to build… they're tired of the same old neighborhood… they need something bigger, something smaller. It could be death or divorce… or marriage or birth. Whether you're moving across town or across the US, to a new home or to an apartment, you've got other things to concern you. You can't help but think, "but what about this house? If it doesn't sell soon, what am I going to do?"
Thinking about selling can quickly become wanting to sell… and it's amazing how fast "want to" can become "have to." Whatever the reason, it puts you in a pickle.
The RTO Solution
What if I was sitting at your kitchen table right now, and told you I wanted to buy your house for its appraised value? Even if your home needs repairs or you are behind in mortgage payments, I can help.
What if I told you I could create a new market for your home…one with several more buyers than sellers? Would you perk up a little if that were the case?
I lease, buy and sell property. I'm an investor. With your property, I may structure several options and then let you choose the one that best suits your needs.
You see, through the RTO solution, I've found a way to create win-win agreements for everyone. This strategy works on all types of property: from new construction to distressed homes, condo's, townhouses and/or single-family residences, whether you are behind with mortgage payments or up-to-date, have equity or no equity, the RTO Solution addresses the toughest realestate challenges. Even if the so-called professional realestate Agent has given up!
Upon my analysis and approval, I will lease purchase your home for its full appraised value up to 95% of your asking price and you pay NO commissions! That's right. With many so-called "Real Estate Professionals" you have to pay 5-7% in sales commissions. In many ways, the RTO Solution will put MORE MONEY in your pocket where it belongs!
Here's how it works…
I call this the RTO solution because it utilizes the Rent-to-Own strategy to selling realestate. Don't get discouraged! I do not expect you to become a Full-Time landlord or property manager. My company will take care of all of this so you can move on with your life!
When you have a property that will not sell for whatever the reason, you need to create a solution. I can create a whole new market for your home - one where the demand far exceeds the supply. How? By appealing to potential home-buyers through a Rent-to-Own (RTO) Solution.
First things first. Here are the general guidelines and steps in the process.
- I will review your situation with you over the telephone. I would like to know your timelines, liens against the property, mortgage balance(s), etc. After we discuss the particulars, I will arrange a time for me to meet you and see your home.
- Next, I will make an assessment of the home with respect to its condition, location and overall desirability.
- Then based upon the facts, I will make an offer for your property. Specifically, I will utilize the lease purchase option.
I will lease your home with an option to buy it in the future for a specified price, typically its appraised value up to 95% of the asking price.
During the term of our agreement, I will make all the mortgage payments. Any amount of rent in excess of your mortgage payment(s) will be paid directly to you each month. I will handle all the maintenance of your property and guarantee all rent payments will be made on time (I am the tenant-buyer and my business name and reputation is on the line!)
Next, I use several rent to own strategies to rent housing to qualified tenant buyers including local advertising, featured property listings on our website, and contacting tenant-buyer (TB) prospects from our database containing thousands of buyers.
Now while we are on the subject
of tenant buyers, I want to emphasize a very important fact:
There is a HUGE virtually untapped market of highly qualified
future homeowners out there who would jump at the chance to own
your home!
You and/or your "RealEstate Professional" have been marketing your home to some buyers, only the buyers who can afford to pay cash or qualify for a mortgage loan. Although there is nothing wrong with that, you are limiting the field of potential buyers by nearly 40% or more!
What about the millions of people out there who have steady income, can make a down payment, are willing and able to make a commitment; however, cannot yet qualify for an affordable mortgage? They rent housing.
The best tenants are the ones searching for a viable alternative to just renting their housing. They are looking for rent to own properties. They know they will be able to qualify for a mortgage in the near future, and they would like to rent housing where they can lock-in a future purchase price.
To highlight the vast difference between the "Homes for Sale" market and the rent to own market, just look in any newspaper on any Saturday or Sunday and you will find several hundred homes for sale and only a handful of rent to own properties (usually in the rental classifieds) if any. That's a fact. I review the newspaper every weekend and sometimes several weeks will pass without a rent to own housing ad listed at all!
That being said, utilizing the rent to own solution, I will make your home available to a whole new, virtually untapped market of potential buyers. I will differentiate your home from all the rest. And since the supply of rent to own properties is far less than the demand, there is plenty of opportunity to strike a win-win deal!
But maybe you don't want to lease-purchase your home because that means you just became a landlord and that's a bit scary. Maybe you plan to move out of the area, or are concerned about what the neighbors will think, or you just think this will be a hassle. No problem. Remember, JSC Investments, LLC will be the tenant buyer and will guarantee to make your mortgage (rent) payments on-time every month!
Furthermore, through our proven rent to own strategies, we find the best tenant buyers available and we build in performance incentives into our agreements that virtually guarantee we are paid on time too! In any event, we will make your mortgage payments on time, every time, guaranteed! We guarantee this because we are very confident in our tenant's ability and willingness to pay us on time, EVERY time.
Now that we have described the basics of the RTO Solution, it's time to illustrate the best part…the THOUSANDS OF DOLLARS MORE in your pocket!
Here's an example of a home with an asking price of $220,000.
As you can see from the example above, the rent to own solution will solve your current realestate problem while putting THOUSANDS more in your pocket…where it belongs! Not one or two thousand, but several thousand dollars.
To see how much you can save, click here.
The prior example not only illustrates the financial gains possible through the RTO Solution, it shows two very important benefits of owning realestate over time: appreciation and mortgage amortization.
While you, the seller, benefit over time from the continued amortization of your mortgage balance(s), JSC Investments will earn its share over time through the appreciation of the property. As time passes, our interests remain aligned and our potential gains increase…a win-win for both parties.
Unlike other realestate investors looking to "steal" your home, we make offers based upon market value. When I agree with you to purchase your property… I take it seriously… I treat your house like it's my own.
Your situation literally becomes my own. And, frankly, I don't know how to make it work any other way.
Whatever the reason, you need to move beyond the house. You need to put it behind you, so you can get on with the business of living your life.
Please don't misunderstand or assume that I have to "steal" your home, or that you need a lot of equity for me to be interested. I've worked with all kinds of circumstances and have learned how to create solutions after so-called "experts" have given up or quit.
At this point, hopefully I've shown you the power and benefits of the RTO Solution and how it can work in any situation. As I stated earlier, there is a HUGE untapped market for good homes in good neighborhoods for good families.
Let me work to solve your particular realestate challenge. Contact me and I'll tell you within minutes if I can help. There is absolutely no obligation for the call or a personal visit…there's only upside.
Seller Benefits
In summary, here are the key benefits you will realize with the rent to own solution:
- Thousands of dollars more in your pocket!
- Avoid paying realestate sales commissions - typically 5-7%.
- Eliminate a Listing Agreement - We provide a Lease Purchase Agreement; remember I am now renting your home.
- Eliminate Time-Consuming House Showings - You won't have to show your home anymore. I don't have to show my houses very often. Most likely I will only being showing it after you move out.
- Immediate resolution to your problem - JSC assumes the mortgage(s) and guarantees payment on time, every time…even if the tenant buyer fails to pay JSC.
- Receive a fair market offer for your home - at appraised value or 95% of asking price.
- No maintenance of your property - JSC Investments will handle all maintenance.
- A win-win agreement - for both parties where our interests are aligned and gains increase over time.
- Peace of mind - knowing your home is in the hands of a professional investor who knows your situation, your needs, the costs you incur as your property sits waiting for an offer, and the value of time with respect to your realestate.
- Potential tax benefits - most mortgage interest, property taxes and depreciation are tax deductible.
Remember, unlike a Realtor, I am an investor. That means that I take personal ownership in your house and will make the payments. So even if it sits empty, I can make those payments. Also unlike a Realtor , there is no listing agreement and no 5-7% selling commission. Additionally, closing costs, which are the responsibility of the seller, typically run about 3%. Just add these last two items together and on a $100,000 home, that cost can exceed $10,000. Now add in the typical 3-6 month period that it will take to find the buyer through a traditional sale and have them get qualified and finally close on the home and you've just made several more monthly payments on Principal, Interest, Taxes, Insurance, Utilities, Maintenance and Repairs. Remember even if you get a buyer today, it typically takes 45-60 days for them to get financing. These things happen… Peace of mind and mental closure are two things you should consider when making this choice. You might be able to see the benefits of making this a done deal… at any rate having it "done" always feels better than "wait and see."
We can take care of all the paperwork in about a week. I simply order the title research and draw up the papers. You set a date when you can move out and we will take over the home after that.
I will make payments on your loan while our tenant/buyer builds equity and finds their own financing. The best part is, your loan doesn't even have to be assumable for this to work! Our program works, regardless of the type of loan - assumable, non-assumable, assumable with qualifying, FHA, VA or conventional.
I take care of your monthly payments, take on all responsibility for the maintenance and upkeep of your property, and liquidate your asset, before it becomes a liability! Now seriously, does it get better than that? As I stated before, our program can work in any situation.
If you need more reasons, then just read on. Not everyone wants to know all the details of how we work, but just in case you're interested, we'll tell you exactly what we do.
Benefits to Buyers
Yes, you are the Sellers but just in case you wanted to know why our program is so successful, we've included the benefits for Tenant/Buyers.
- Want to build up equity in the home of your choice while you improve your credit rating?
- Need more time to build up your base income?
- Looking for a home in an area that will surely have price appreciation?
- Wouldn't you like the ability to fix the price of your future home and avoid price inflation?
- Wouldn't you like to get a better mortgage in 12-24 months than the one that you qualify for now?
These are a few of the benefits for home buyers who want their home now, but know that their financial profile will be much better in the near future. JSC Investments, LLC lets these people rent housing and then - when they have improved their equity, credit or financial profile - they can qualify for the type of mortgage that they want. This makes it much simpler for nearly 40% of the people who have trouble qualifying for Class A mortgages.
The Buying Process
Usually I would begin with a phone call to find out some preliminary information concerning the property, desirability of the home, mortgage information and seller timing and motivation.
Next, we meet in your home and review your paperwork. In preparation for this meeting, I usually have performed a competitive market analysis to determine the approximate value of the home. At this meeting I can explain the required documentation, such as Warranty Deed, Sales and Purchase Agreement, Power of Attorney, Disclosure Statements, Notices to the Lender and Insurance Company. We leave samples of all documents that will be signed so that you may review them with whomever you choose.
While I'm in your home, you can show me any repairs or cosmetic improvements that need attending. We agree on a schedule for signing documents and for change of possession. We can be very flexible on our date of possession, but once we set the date, we want to be sure that the home will be available for cleaning/painting crews, as well as initiation of our advertising.
After this meeting, I run a title search to be sure that there are no encumbrances that would cloud the title when we next meet. This search takes about two days, but provides us both with the certainty of the ownership, status of the liens (mortgages and promissory notes), and gives us the exact legal description for creating a Warranty Deed.
At our next meeting, we sign all the forms. The Warranty Deed and the Power of Attorney (requires notarization). Several copies of each are signed, and you get one copy of each document for your records.
Our last meeting is when your moving vans are loading your possessions. At this brief meeting, we ask that you give us the garage door openers, keys and a list of all your utility companies. I will contact them to switch payment of the services. Since I'm going to send in a cleaning crew, there is no need for you to spend much time making your home pretty as you move out. However, we recognize the pride that you have in your home and we always appreciate the Seller's housekeeping efforts when moving out.
After you leave, I provide cleaning and maintenance services to assure that the home is in 'move-in' condition. We do it right. Using my techniques for advertising and pre-qualifying, tenant/buyers have few reasons not to sign an agreement to purchase the home.
You will probably not hear from me for some time after we take possession of your home. We transfer the utilities and notify the insurance company and lenders. When our tenant/buyer exercises their option, we pay off your mortgage (using the Power of Attorney documents) and notify you that your mortgage has been satisfied.
But What About…
I'm sure that you have questions. Here are a few of the more commonly asked questions, with answers.
WHAT IF THE TENANT/BUYER TEARS UP MY HOME?
There's no way I can guarantee you our tenant won't damage your home since we won't be living with them. But under our agreement, if that happened, I would repair it at my expense. My objective is to find a buyer who will eventually qualify for a loan, and not a 'tenant.' Damages are rarely a problem. Again, if it happens, we'll fix it as per our written agreement.
WHEN WILL YOU SELL THE HOME?
I can't give you an exact time. It will be up to the tenant/buyer to make that decision within the time frame they have. I can tell you I get paid when they buy, so obviously we'll be pushing them to do so … quickly! Typically, this will occur within 36 months. In the meantime, your payments will be made, which relieves you of the financial burden.
HOW DO I KNOW I CAN TRUST YOU?
I can understand your concern. We'll meet face-to-face after you call. You'll find I don't make empty promises… I'll be upfront about everything. I believe we can create a solution that will work for both of us. If not, or if you're not comfortable after we meet, we'll shake hands and go our separate ways. Honestly, I view our business relationship more personally than just handling a house … I want you to be confident, and able to sleep well every night without worrying about your home or your payments. In fact, I wouldn't enter an agreement with anyone if we weren't confident in that person … and I don't expect any less from you. I'm willing to devote my time and resources to your house, but only if you feel comfortable with that arrangement.
WHAT IF THE PERSON WE PUT IN THE HOUSE DOES NOT PAY?
Remember that that is my problem not yours. If they don't pay, JSC Investments, LLC will.
HOW DO I KNOW YOU'LL MAKE MY MORTGAGE PAYMENTS?
Why would I not make the payments? I don't make any money until I get the home re-financed into the next person's name. That would be like working all week and not going to pick up my paycheck on Friday.
If your still not comfortable, I can set up a third-party escrow company to collect from me and pay it for you. You can also choose for me to pay your lender directly. This is the most common technique. I can handle all the paperwork. If I don't pay, the lender would immediately notify you. So you're always on top, whichever method you choose. Remember that making the house payment is our problem; we are leasing your home, subject to your mortgage(s).
WHAT IF I WANT TO PURCHASE ANOTHER HOME?
I will give you a contract showing that the payments are being made by JSC Investments, LLC, so it will be a 'wash.' Example: $1,200 home payment on the mortgage, offset by $1,200 income from our contract. This will free up your debt ratio so you can qualify for your next home immediately. Be sure and let us know if those are your intentions.
WHAT DO WE DO NOW?
I know that this is a lot of information to digest at one time, but if you're still with us at this point, chances are you're interested in doing whatever it takes to GET YOUR HOME SOLD QUICKLY!
If you're ready to act now or have some immediate questions, you can contact me right away.
If you want an alternative to the stale, conventional ways of selling your home, contact me! You have everything to gain and nothing to lose!
As I said before, if we can't do business, that's OK.
Just remember that I don't want
to list your home, I want to buy it. I specialize in the RTO
Solution. I urge you to give me a call. You have nothing to lose.
Send me an email.
Sincerely,
Mike Pappas, Member
JSC Investments, LLC dba JSC Rent-to-Own Homes
Finally - We don't know how many months you've been trying to sell your home (or thinking about selling) but every month you wait is costing you unnecessary expenses… eating up the precious income you work so hard to earn. Your home is an asset… sell it as an asset. Don't let it become a liability, a burden, and the proverbial "monkey on your back." Even a Dream Home can become a Financial Nightmare. There's a real good chance that we can help… call us today! The phone call will give your more answers… Answers that you need. Don't procrastinate… Send me an email.
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