RTO Land Holdings, LLC is a non-traditional real estate investment firm specializing in bulk land purchases for resale to first-time residential landowners, and businesses or individuals needing land for storage or development. As new products and innovations such as container homes, solar power systems, satellite and fiber internet, composting devices and holding tanks, and other off-the-grid technologies become more effective and affordable - land ownership still remains unattainable by some because traditional mortgage lending isn't readily available for vacant or undeveloped land. At RTO we have secured affordable lots and created competitive loan programs to help future residential and business landowners qualify with a rent-to-own option requiring only a small down payment, low-interest financing, and no hard credit check.
What is an RTO Loan Agreement, and how does it work?
An RTO Loan Agreement is a legally binding contract, used to purchase and transfer ownership of For-Sale-By-Owner real property owned by RTO Land Holdings, LLC at the end of the agreement term. RTO Land Holdings focuses on vacant land for development by first-time owners and homesteaders or small builders with less than ten homes per acre on average. RTO will also, at times, list a variety of developed For-Sale-By-Owner properties with attached homes, apartment buildings, condominiums, commercial buildings, and/or other real estate assets through our rent-to-own loan program.
An RTO Loan Agreement is similar to a conventional mortgage, but rather than borrowing the money from a lender or bank to obtain the real estate, the buyer makes payments directly to the landowner. Once the purchase price is paid in full, either upfront or at completion of loan agreement, the deed is signed and notarized by both parties, recorded, and transferred to the new buyer within just a few days in most cases. An RTO Loan Agreement is a great alternative to traditional mortgage lending practices for real property such as vacant land, which usually requires large amounts of capital to purchase wholly upfront as financing is rarely an option. That is, until now.
Take a look at a $99 per month: Sample Payment Schedule Here.
An RTO Loan Agreement is typically between two parties: the buyer (you) and the seller; RTO Land Holdings, LLC. RTO Land Holdings will never charge a balloon payment at the end of the loan terms, and we never charge a pre-payment penalty when you pay off your loan early. All information is clearly written in the RTO Loan Agreement in simple terms that are easy to follow,. We make it easy to start using your land immediately after deed transfer and allow you to pay your land off quicker with additional monthly payments, or with a final lump sum payoff amount - with no additional fees or pre-payment penalty!
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What are the usual terms of a RTO Loan Agreement?
An RTO Loan Agreement has several components in it, which are listed on the sales purchase page within our website, and also in the contract that both parties agree to and sign. A few of the basic items covered in the RTO Loan Agreement are:
Sale Price: This covers how much the property is being sold for - either as an upfront cash purchase or through an agreed-upon financed amount. Once the buyer pays off the full amount of the loan either in an upfront purchase or through completion of in-house financing option, the obligations under the land agreement end and the title and deed are recorded, notarized and transferred to the buyer usually in just a few days. That means you’ll get the legal title at the time of loan payoff, and there’s never a balloon payment, pre-payment penalty, or any additional fees under the RTO Loan Agreement.
Down Payment Amount: This is due at the time of purchase and ensures you become the property holder before anyone else can, initially through this very website. RTO Listed pricing is final at time of purchase, and we do not accept offers at any price (lower or higher) which differs from the price listed on the website at the time of purchase. No Bidding-Wars allowed here. The down payment is used to secure the property and hold it through the initial purchase stage and may be expressed as a percentage or a flat amount. The down payment is non-refundable and is used by the seller to cover costs of initial paperwork and recording fees, which includes notary signings, and deed transfer at the time of purchase completion. Down payments may also include land survey costs or other associated costs, utility survey fees, and may be used to ensure proper documentation for respective parties: buyer and/or seller to legally bind the transaction, under Nevada and/or US Law. The total Down Payment Amount is always clearly written in the contract as well as on the website at the time of purchase (the website purchase price) and RTO will never charge additional or surprise fees
Interest Rate: The interest rate is defined, as are terms and will never increase for the length of the loan as long as you don't fall behind or become late on your payments. The interest rate is locked in for the length of the loan and is always clearly written in the contract and can only increase if you incur a late payment, much like a credit card. The loan contract has specific due dates and late fees associated with late payments.
Payment Amount and Loan Terms: The amount of your payment will be clearly written along with how often it needs to be made, monthly or otherwise, and will be provided along with an amortized schedule included in your specific RTO Loan Agreement. In order to qualify for the lowest interest rate payments and to help avoid late payments; RTO Land Holdings, LLC requires purchasers to provide monthly ACH payment through secured bank transactions on a monthly basis on an agreed upon due date, after the loan agreement signing has completed. Most RTO Loan Agreements are usually listed as 120 months (10 years) and start as low as $99 per month which include a portion of principal and interest rate as listed in the provided amortization schedule.
$99 per month: Sample Payment Schedule Here.
RTO Land Holdings is always open to discussing longer or shorter terms that will best suit your needs and payment ability, and remember we never charge any additional pre-payment penalties or fees when you're able to pay your loan off early, and of course you'll never be held financially responsible should you be unable to continue making payments.