Frequently Asked Questions

1. Who pays for repairs and maintenance? Tenant-buyers handle everything under $500. Anything over $500 is covered by the homeowner’s insurance policy that stays in your name (or the tenant-buyer’s policy if required by their lender later).

2. What if the tenant-buyer stops paying rent? We immediately start the eviction process at our expense. During eviction, monthly distributions pause until a new tenant-buyer is placed or you decide to list/sell the house traditionally. You are never out-of-pocket, but we do not continue paying you if rent stops coming in.

3. Who actually pays the mortgage, taxes, and insurance? All payments go through a third-party note servicer (we use Servbank or similar). Rent collected from the tenant-buyer is deposited with the servicer, who then pays mortgage/taxes/insurance first and distributes the remaining cash flow to you monthly.

4. Do I still have to keep homeowner’s insurance? Yes — the existing policy stays in your name until the tenant-buyer cashes out and refinances. This protects everyone (including you) and is required by your mortgage company.

5. Will I owe realtor commissions or closing costs? Zero commissions or seller closing costs when the tenant-buyer finally purchases. You keep 100% of your agreed price.

6. Can I get my equity out early? You have two options: (1) List the house for sale traditionally with an agent, or (2) we help place a new tenant-buyer who can cash-refinance sooner. We do not buy the option back ourselves.

1. Do I need good credit or 20% down? No bank qualifying right now. You just need the upfront option fee ($5k–$15k) and steady income.

2. Is any rent credited toward the purchase price? No rent credits. Your monthly payment is market rent; the low upfront fee is what gets you in the door instead of a huge down payment.

3. Who is responsible for repairs? You handle everything under $500 (normal homeowner responsibility). Major items over $500 are covered by the homeowner’s insurance policy.

4. What if I can’t pay the rent one month? We work with you first, but continued non-payment triggers eviction. You would lose your option fee and have to move.

5. How fast can I move in? Usually 7–14 days after paperwork and option fee.

6. Can I buy the house early? Yes — any time you qualify for a mortgage, you can purchase at the agreed price

Tenant Buyers

Sellers