I think it is good to mention that with divvy if you decide not to buy in three years you get 85% of your money back that you put into down payment. And they make cash offers on the houses for you
a lease to own program with home partners, saved my butt from not getting kicked out of the home during the pandemic when everyone was selling homes...I think it's a great thing. you don't have to worry about them kicking you out.
Thank you ! I live in Sandy Springs now, at home. I still have maybe a year and a half of college left, and have finally been able to slash my living expenses enough to afford saving up for a home. Thank you so much !
I was recently approved for divvy but the budget they are allowing is making it impossible to find a move in ready home. They said my score wants great but so have the income. It’s causing me such a headache. My assigned real estate agent has horrible communication as well. I don’t think divvy will be able to help me.
Update: After putting my pride to the side and adding a co buyer I am closing on my home in a week. I also changed real estate agents too. The process has been smooth ever since.
Thanks for watching Paul! They started here and were going were great. I think Georgia gave them opposition. I hope they have better luck in Las Vegas because they had a really good program.
@@SOLDbyNat Hey there- Yes- I really do not see a downside to this program- So funny I was just promoting it on my facebook channel. It was on my personal page- (still trying to figure out how to switch be live tv over to my biz page) Let's connect there to:) my handle on facebook is- paulmayvegas - Have a great day!
It's been my experience that when looking at your annual gross income, they don't look at what you make now but what was made on average over the last 2 years. Realtors tend to omit the real criteria when promoting these programs for reasons I don't know considering they waste both your time and theirs. As a mortgage underwriter, it seems that these programs say they help you to become mortgage ready, but you actually have to be mortgage ready when it comes to income and assets. So, you need more than a fico score of 550 or better, more than $5k in the bank and your last two years tax returns are requested to average your income, not what you make now this year. Oh, and you better not have any collections on your credit report from a past landlord. As I stated they don't' help you get ready, you already have to be mortgage ready. In my opinion, its a full underwrite. The only difference is the credit score can be a 550 instead of 580 for FHA or 640 for conv.
Hi Im currently in the Home Partners of America Program and we ahve been llooking at homes however I feel like the properties ive been getting shown are at the highest of my budget. and iM NOT SURE IF i WANT TO GO THROUGH WITH IT.
I hope everything worked out. TRIO is no longer active in GA. Each of the programs have their benefits depending on your situation so I'm sure you made the best decision. Thanks for watching and commenting!
Hi Robert, Thanks for watching and commenting! You would have to contact the Lease-Purchase you are interested in to see what their policy is regarding sandwich leases.
I was actually going through Divvy, I do like the program. I pulled out because this is such a sellers market and I'm at a crunch time with my lease ending soon. I can say Divvy was willing to make some nice offers on some of the homes, I was choosing but the problem is the people from other states coming here willing to be 50 to 60 plus thousands over the asking price which knocks us people that lives here Texas out the Ball park. I mean it waz like 40-40 people on one home. Not a good time right now. Divvy was definitely willing to go up and I was too, to a certain extent but I'm like nay I'll stop right now. Great interest rates but man you better coming to the table ready. Oh and these people wanting lease back options that's selling the home its crazy out here. I know that happens but I nope I can't do that one. Oh that had nothing to do with Divvy. I couldn't get some homes because of it. I agree with Divvy. Divvy yes you will pay more but if your not dedicated enough to save that equity money on your own and not touch it then Divvy is definitely Idea. Oh I got my earnest money back in less than two days!!!
Hi Lisa. Thanks for watching! I’ve been a Realtor for 9 years. For many years I did not promote lease purchase as an option because the standard traditional lease purchase option benefited the landlord/seller. I have either worked with these companies personally (see my other videos) and/or I work closely with agents that’s have. Option 1 is buying out right. Option 2 - Lease purchase option. These are all reputable companies worth looking into to see if it fits your needs/ long term goals.
Hi Douminique. If you're in GA, remove TRIO from the list. They are still not accepting new applications. They are only offering the few homes they already have in their inventory. Home Partners and Divvy are comparable depending on your situation. Dream America is a solution for special scenarios. If you have further questions, my contact info is in the description box. Hope this answers your question.
Hi Sharvel, Thanks for watching! Try Pathlight Homes! Also, trying checking the web for programs in your area to see if they offer rent-to-own programs.
There is a mark up on the homes when you purchase. All that is disclosed up front. Every year it increases. You can see examples on their website. Look for a payment calculator.
Trio just started back in GA. See their video in the description box. In general with any lease purchase, I would say start 2 months before your lease is up. Most of these companies close within 2 weeks to 30 days. Trio may require longer (that I have looked back into yet). You'll need to allow closing time and time for the home search. AND KEEP IN MIND... The market is competitive and you're competing in the buyer market.
@@SOLDbyNat thank you i wrote them down are you available for any questions that i may have this is my first time out in the field it gets a little overwhelming
Hi Christopher, Thanks for watching. I would need additional information to refer you. Please schedule a 15-minute consult with me below. www.calendly.com/soldbynat
Hi Shima, Thanks for watching!! When you have a moment, please check out my other videos on Lease Purchases for more information. Please feel free to visit the websites for each one mentioned for more information.
I think it is good to mention that with divvy if you decide not to buy in three years you get 85% of your money back that you put into down payment. And they make cash offers on the houses for you
Thank you for highlighting those points!
Wow
a lease to own program with home partners, saved my butt from not getting kicked out of the home during the pandemic when everyone was selling homes...I think it's a great thing. you don't have to worry about them kicking you out.
How is the lease going? I’m debating on it now
@@maybeitsree1942 I would do it...as a renter, they can't sell it from under you and they won't jack up the rent..
Thank you ! I live in Sandy Springs now, at home. I still have maybe a year and a half of college left, and have finally been able to slash my living expenses enough to afford saving up for a home. Thank you so much !
Good for you Tasheanna!!! That's a power move. Short term sacrifice for long-term gain! And you're young... YASSS!!!
Your video just gave me hope that I will a homeowner one day. Thank you for doing the research for me!🙏
Love this video! Very informative, hair nice, professional, and still getting that "girl next door" vibes 🦋
Thanks for watching!
I was recently approved for divvy but the budget they are allowing is making it impossible to find a move in ready home. They said my score wants great but so have the income. It’s causing me such a headache. My assigned real estate agent has horrible communication as well. I don’t think divvy will be able to help me.
Update: After putting my pride to the side and adding a co buyer I am closing on my home in a week. I also changed real estate agents too. The process has been smooth ever since.
Hi Neoma, Thanks for watching and commenting! I'm glad you were able to close. Congratulations!!
Please get a USB microphone...your audio is too low. TV on 50...thanks for the research.
Thanks. I've since purchased one. Glad you found it helpful!
Thank you! I have been approved for a Divvy home but wanted more information and this has helped!
I was approved as well. Let me know how it turns out!
Congrats Tara! Hopefully you're connected with an agent and have gotten started. If not, my contact info is in the description box.
Congrats!
Can you shed some light on your experiences with Divvy? I was approved recently and not really sure if I want to proceed.
Need better sound video. can’t hear you
Great video- Great info we just had Trio begin in our area of Las Vegas
Thanks for watching Paul! They started here and were going were great. I think Georgia gave them opposition. I hope they have better luck in Las Vegas because they had a really good program.
@@SOLDbyNat Hey there- Yes- I really do not see a downside to this program- So funny I was just promoting it on my facebook channel. It was on my personal page- (still trying to figure out how to switch be live tv over to my biz page) Let's connect there to:) my handle on facebook is- paulmayvegas - Have a great day!
@@paulnvegas65 I tried pulling you up on FB and it's not coming up. My biz page is SOLDbyNat.com.
Thanks for your thorough research as always 🎉
Hi Nereida, Thanks for watching! Thank you so much!
Thank you so much for the info❤️👌🏾
My pleasure! Glad you found it helpful! Blessings
I must have strong ears! I hear everything!
Thank you Elisa! 😉
It's been my experience that when looking at your annual gross income, they don't look at what you make now but what was made on average over the last 2 years. Realtors tend to omit the real criteria when promoting these programs for reasons I don't know considering they waste both your time and theirs. As a mortgage underwriter, it seems that these programs say they help you to become mortgage ready, but you actually have to be mortgage ready when it comes to income and assets. So, you need more than a fico score of 550 or better, more than $5k in the bank and your last two years tax returns are requested to average your income, not what you make now this year. Oh, and you better not have any collections on your credit report from a past landlord. As I stated they don't' help you get ready, you already have to be mortgage ready. In my opinion, its a full underwrite. The only difference is the credit score can be a 550 instead of 580 for FHA or 640 for conv.
Thank you for sharing your perspective. The criteria for these programs differ and can be found on their individual sites.
This was the 1st video I think I ever watched of yours Nat. You still doing these types of programs?
Hi Im currently in the Home Partners of America Program and we ahve been llooking at homes however I feel like the properties ive been getting shown are at the highest of my budget. and iM NOT SURE IF i WANT TO GO THROUGH WITH IT.
Hi Amorita, if you need assistance kindly schedule a 15-minute phone consult with me here.
calendly.com/soldbynat/15min
Please use a microphone next time. Your voice is very soft
Will do! Thanks for watching!
Thank you! This is helpful
Thanks for watching Haj! Glad you found the video helpful.
Right.
Thanks for watching Josette! 💗
Ty for this video. I got approved to buy with Divvy. Shoulda applied with trio n dream america too!
I hope everything worked out. TRIO is no longer active in GA. Each of the programs have their benefits depending on your situation so I'm sure you made the best decision. Thanks for watching and commenting!
Good stuff, Nat! Send your referrals to Florida my way and I'll do the same for you up there!
Hi Michael! Thanks for connecting. I've subscribed. Please shoot me an email (info@soldbynat.com). What part of Florida are you in?
SOLDbyNat Hey Nat, Miami/FtLaud/West Palm.
How does these programs work for the investor who is doing sandwich lease options?
Hi Robert, Thanks for watching and commenting! You would have to contact the Lease-Purchase you are interested in to see what their policy is regarding sandwich leases.
Hi was hoping for a moment of your time.
Hi Ron. Sure! You can reach me at (404)847-2508.
Very good video 📹 thank you!!
My pleasure! I'm glad you liked the video!
I was actually going through Divvy, I do like the program. I pulled out because this is such a sellers market and I'm at a crunch time with my lease ending soon. I can say Divvy was willing to make some nice offers on some of the homes, I was choosing but the problem is the people from other states coming here willing to be 50 to 60 plus thousands over the asking price which knocks us people that lives here Texas out the Ball park. I mean it waz like 40-40 people on one home. Not a good time right now. Divvy was definitely willing to go up and I was too, to a certain extent but I'm like nay I'll stop right now. Great interest rates but man you better coming to the table ready. Oh and these people wanting lease back options that's selling the home its crazy out here. I know that happens but I nope I can't do that one. Oh that had nothing to do with Divvy. I couldn't get some homes because of it. I agree with Divvy. Divvy yes you will pay more but if your not dedicated enough to save that equity money on your own and not touch it then Divvy is definitely Idea. Oh I got my earnest money back in less than two days!!!
Is this for real or it's not a scam I hope I'm kind of scared I just don't want to get scammed
Hi Lisa. Thanks for watching! I’ve been a Realtor for 9 years. For many years I did not promote lease purchase as an option because the standard traditional lease purchase option benefited the landlord/seller. I have either worked with these companies personally (see my other videos) and/or I work closely with agents that’s have. Option 1 is buying out right. Option 2 - Lease purchase option. These are all reputable companies worth looking into to see if it fits your needs/ long term goals.
Is it your experience that one offers more than the other ?
Hi Douminique. If you're in GA, remove TRIO from the list. They are still not accepting new applications. They are only offering the few homes they already have in their inventory. Home Partners and Divvy are comparable depending on your situation. Dream America is a solution for special scenarios. If you have further questions, my contact info is in the description box. Hope this answers your question.
Hi Natasha, Would you happen to have another contact number, the one listed in the comment section is not working for some reason
Hello, Can you tell me a program for rent to own in Louisiana?
Hi Sharvel, Thanks for watching! Try Pathlight Homes! Also, trying checking the web for programs in your area to see if they offer rent-to-own programs.
Thank you for such important information, live in Harlem ,NY, would like to move to upstate NY, Orange County. Need programs in NewYork area
Thanks for watching! I talked to someone a while ago in NY that said the same thing. If I come across any I'll be sure to share!
People are saying that Divvy Homes charge $40,000 above the total purchase of the home
There is a mark up on the homes when you purchase. All that is disclosed up front. Every year it increases. You can see examples on their website. Look for a payment calculator.
@@SOLDbyNat Ouch that puts divvy as a last choice
Even if you get approved for a home now, within 3 years you still will have to get a mortgage with your bank
Hi Sugar, Thanks for watching! Yes, they are purchasing the home upfront with the hope that you will purchase the home in the future.
Great content
Thanks for watching!
When is the best time to apply for Trio my lease is up at The end of May
Trio just started back in GA. See their video in the description box. In general with any lease purchase, I would say start 2 months before your lease is up. Most of these companies close within 2 weeks to 30 days. Trio may require longer (that I have looked back into yet). You'll need to allow closing time and time for the home search. AND KEEP IN MIND... The market is competitive and you're competing in the buyer market.
Looking to rent to own in Cincinnati ohio any program recommendations?
Thanks for watching! I suggest going to each companies website. You'll find the areas they operate in.
@@SOLDbyNat thank you i wrote them down are you available for any questions that i may have this is my first time out in the field it gets a little overwhelming
Good Job!
Thank you! ☺
If you were to recommend the best rent to own program, which one would it be?
It really depends on the person's situation, their credit score, how much $ they have to work with, how long they plan to be in the house, etc.
@@SOLDbyNat which one works with bad credit? thx
Hello, do you work with Texas homes, as well?
Hi Christopher, Thanks for watching. I would need additional information to refer you. Please schedule a 15-minute consult with me below.
www.calendly.com/soldbynat
Any of this in Arizona.
Thanks for sharing!
You really didn’t give that much info on none of the programs.
Hi Shima, Thanks for watching!! When you have a moment, please check out my other videos on Lease Purchases for more information. Please feel free to visit the websites for each one mentioned for more information.
Do you help find rental house
Hi Duke. I no longer do but I have a video that should help you going about it. czcams.com/video/ndYn50f_scM/video.html
I would love to have you lovely spread sheet...if that is possible. Thanks
👋🏾. Please email me. My contact info is in the description box.
Thanks!!
My pleasure! ;-)
Divvy is a scam
Please explain how