You can realize big benefits with the tax code officially designed “rent-to-own your home” program.
This program, known in the tax law as a “Shared Equity Financing Agreement,” avoids many of the problems with the lease option, yet provides similar income-producing possibilities and the same, or better, potential for far less rental hassle.
You may have heard the expression, “Let’s get together!” That’s what happens in the shared-equity deal. Both the landlord and the tenant have ownership interests in the home that the tenant is occupying.
For the landlord, the shared-equity arrangement produces great results. Imagine a rental property where you have
no management fees, and
a known and positive cash flow.
This is what shared equity can do for you as a landlord. It also produces great results for the tenant, giving the tenant ... Log in to view full article.