(631) 831-3848

Welcome to the Frequently Asked Questions (FAQ page). Below, we have tried to answer the most common questions you may have. If you find that your question is not answered on this page, please email us alanelias@abinvesting.com or call us during business hours at 631-831-3848.

Question: What is a Lease Purchase?                                                                          Answer: A Lease Purchase is also called “Rent to Own” or “Lease Option Agreement”.  It is an agreement that grants the ability or right to purchase or control a certain item. In this case, we are lease purchasing real estate properties.  The same method is used when leasing a vehicle...all the terms are discussed up-front regarding lease term and purchase price at anytime during the lease term.

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Question: What attracts so many tenant/buyers to use your services?                    Answer: One of the main attractions is the rent credit that we provide for all tenant/buyers. They know for sure that if their rent is paid on time, they will accumulate rent credit that can amount to thousands of dollars towards the purchase price of the home they are currently living in.  In a traditional rent situation, the tenant does not receive any return on their rental money and there is no option in place to buy the house they are currently renting.

Not many home buyers are in a position to make the required 10%-20% down payment on a property.  Many lack the time to research or have good credit to obtain property financing.

Some tenant/buyers are actually pretty savvy when buying properties since they would avoid buying properties where they would have to pay real estate commissions.  Also, some tenants would rather rent the house for a period of time and buy the property after any required structural work has been remedied by the owner.

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Question: What do you need from me if I’m interested in becoming a tenant/buyer?     Answer: All tenant/buyers must be pre-qualified with income, credit and landlord history checks before stepping onto our available lease purchase properties. We would need to know if you are serious and in a position to make your rental payments on time, take care of the minor maintenance of the property and make a non-refundable option consideration (100% credited to the purchase price of the property). Tenant/buyers are also required to cover themselves with rental insurance.

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Question: As a tenant/buyer, how do I know if the property is what I’m looking for?    Answer: During the pre-qualification process, you will provide some additional information regarding the type of properties you are looking to own one day. When we find a match, we will provide you with the address of the property so you can drive by the property and determine if you like the property, neighborhood and local amenities.  If you are still interested, contact us again and we will do a walk-thru of the property with you.

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Questions: Do you have all the contracts and paperwork that I need to go forward as a tenant/buyer?                                                                                                                    Answer: Yes, we provide all the contracts and paperwork when you are ready to move forward with lease purchasing.

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Questions: Do you have any properties available at this time?                                        Answer: Feel free to call us to find out what properties are available.

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