Month: June 2022

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URGENT FRAUD ALERT – Craigslist Rental Scams

We’re getting reports of more Craigslist fraudsters recently. Some scammers seek deposit money for non-existent rentals, while others want personal information for identity theft. If you see this or a similar listing on Craigslist, Apartments.com or another real estate rental site, it is likely a scam.

Unit 101 is not 868 sq ft. It’s 1,060 sq ft and would rent for closer to $2,600 or more. Also those are not recent photos of the unit.

This craigslist post is likely a fraud. Please flag it as such.

FRAUD ALERT: https://losangeles.craigslist.org/wst/apa/d/pasadena-where-you-begin-and-end-each/7499080448.html appears to be a fraud. Please flag it.

Do not send any money or personal information. If a rental property listing perpetrator does not have a voice phone number, or if they are out of town, the post is most likely a fraud.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Rent To Own Strategies to Find Your Perfect Home

Aspiring homeowners secure their happy place with a rent-to-buy agreement.

Rent-to-own and lease purchases are not the norms in home buying. On average, about 1 out of 5 to 1 out of 30 rent-to-own offers will be accepted, depending on the property type. The agreement could be the best way to lock in your dream home before you are ready to pull the trigger. You should look at it the same way you would pursue a purchase with traditional finance. Cover all the inspections and check the title, for example.

A rent-to-own agreement ( R2O) can be an excellent option if you’re an aspiring homeowner but aren’t quite ready to pursue traditional financing. These R2O agreements allow you to get your finances in order, improve your credit score, and save money for a down payment while “locking in” the house or condo you really want. In addition, if the option money and/or a percentage of the rent goes toward the purchase price, which they often do, you also get to build some equity, according to Investopia. #r2o #Renttoown

The lease option is an excellent way to move an investment property like a loft that does not always qualify with traditional lenders. For example, a motivated seller can help a buyer who needs time to build equity, which helps smooth over formal loan requirements for a more significant down payment. It’s a win-win in this situation. Rent to own, has it worked for you? COMMENT

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A lease purchase still needs careful consideration, as in direct investment.

Copyright © This free information is provided courtesy of L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. – EAC22062202KT – We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.