Top positive review
7 people found this helpful
on April 16, 2010
Mark Loeffler has written a very informative and detailed book about the rent-to-own market, with special reference to Canada.
With successive governments encouraging home ownership and the current small initial deposit required to buy a house, rent-to-own is not very big. Loeffler, however, describes the profile of the typical tenant likely to apply for an option to buy the property s/he lives in admirably and goes through each of the steps which a supplier of such a service ought to follow.
Loeffler shows how entering the rent-to-own market would be ideal for the private investor wishing to supplement his income and willing to examine his applicant's financial position, looking for people who can afford a house but, due to circumstances, cannot purchase one immediately.
I enjoyed the book and its pace. It builds gradually, but surely, from first principles, without wasting space or being verbose. I also found the website's resources useful, include the sample agreeements.