Yes, tenants buy the homes they're renting from their landlords all the time. It's a real thing.
If your landlord is willing to sell and you're able to buy, this online video tutorial course will show you;
1. How to make your landlord happy to sell the house to you for less than full market value, and
2. How you can avoid being taken advantage of when you're buying from your landlord or anyone else.
Did your landlord just ask you if you'd like to buy the house you're renting? Excellent!
Or, do YOU want to ask your LANDLORD if you can buy the house you're renting? Great idea!
This online course is PERFECT for you.
Online Video Tutorial Course
But It's different
Yes! I want to
1 payment of $98
Hi, I'm John Wake
Real estate agent and economist. My real estate market analysis has been in The Washington Post, The Associated Press and on NPR.
A few years ago I was talking to a friend who works at a title company. I asked him how many people buy homes without using real estate agents.
He said the most common direct seller-to-buyer sales were actually landlord-to-tenant sales.
It wasn't uncommon for a landlord and a tenant to just walk into a title company office together, with no appointment and no written contract, and say the landlord wanted to sell the house to the tenant.
To me this seemed incredibly dangerous for the tenants.
Landlords typically know a ton more about buying and selling real estate than tenants. If a landlord wanted to, it would be easy for a landlord to take advantage of a tenant.
My friend explained that the landlords will often give the tenants a break on the sales price but the landlords won't pay for real estate agents for the tenant-buyers.
I thought it was pretty great that the tenants often got discounted prices but I was worried.
Were the tenants really getting "discounted" prices or did the landlords just convince their tenants they were getting below market prices?
He said sometimes escrow officers can become uncomfortable when they see something "unusual" in a sale but it's not the job of escrow officers to advise the tenant. The job of the escrow officer is to follow the escrow instructions given by the seller and the buyer - by the landlord and the tenant - on how they want the ownership to be transferred.
If you don't ask for it, you won't get it
As a real estate agent, I've found people will ask for the craziest things when negotiating price and they'll be absolutely positive that what they're asking for is not at all crazy.
There's a philosophy you see a lot in real estate negotiations that goes, "If you don't ask for it, you won't get it."
So some people aren't at all afraid to ask for crazy stuff. It happens ALL THE TIME.
And they'll swear their crazy requests are completely customary and completely reasonable when they're not.
Sometimes the strategy works and they get the crazy thing they asked for, especially when the person the buyer is inexperienced and doesn't know that what the seller is asking for is not customary and not reasonable.
Given my experiences when negotiating home purchases and sales, I was immediately skeptical that these tenants walking into title company offices with their landlords were always getting good deals.
Certainly, when landlords treat their tenants fairly it can be a great deal for the tenant but if a landlord wanted to, it would be easy for a landlord to take advantage of a tenant.
Was the price really below market value?
Most every seller I've ever met thought their house was worth a lot more than it really was. And, of course, they were all 110% certain their homes weren't the slightest bit overpriced.
And beyond price, the terms of a deal are critical. Bad terms can quickly turn a "good" price into a bad deal.
For example, the terms on how closing costs are split between the seller and buyer can make a big difference in whether a deal is good or not.
Usually whatever is customary in an area is considered to be fair. But you first have to know what's customary and that changes a lot from state to state and sometimes from county to county.
So a closing cost split that would be considered to be fair in one state might be considered to be a ripoff in the next.
I was worried about those tenants walking in with their landlords into title company offices, or closing attorney offices, without any written contracts.
Were they really getting good deals or were they being taken advantage of by more experienced sellers, by their landlords?
Knowledge is Power
I looked into it and was surprised to find ZERO IN-DEPTH INFORMATION available to help tenant-buyers in this situation.
That made me even more determined to research landlord-to-tenant home sales.
I thought I knew the home purchase process inside and out. But when I started to research landlord-to-tenant sales I found out I didn't know as much as I thought I knew because… well, real estate agents often aren't involved in landlord-to-tenant sales. And when an agent is involved, it's usually the landlord's property manager.
When a landlord won't pay for a tenant's real estate agent - which is common - it changes the home buying process.
In a normal sale in the United States, the seller will pay for the buyer's real estate agent. The buyer's agent shepherds the buyer through the whole buying process. The agent helps the buyer estimate the value of the home, negotiate with the seller and a lot other stuff.
What do you do to protect yourself when the seller won't pay for your real estate agent?
That was a big question.
I thought creating this course would be a two or three month project but it turned out to take me more than 12 months!
It turns out buying from your landlord is a lot different from buying a home the usual way. Most real estate agents have no experience with landlord-to-tenant home sales.
Property managers have a lot more experience but property managers work for landlords.
I wanted to know the best options FOR TENANTS when buying homes from their landlords.
Tenants were the ones who needed help to level the playing field, not landlords.
It turns out that buying the house you rent can be a GREAT way to buy a house. You just need to know where the bombs are buried so you can avoid them.
In the "Ultimate Guide to Buying the House You Rent" I detail your best options for getting a good deal in this situation.
✓ How to approach your landlord.
✓ How to negotiate with your landlord.
✓ How to avoid being taken advantage of.
✓ How to get a good price and good terms.
Buying the House You Rent is a Real Thing
You may have never thought of buying the house you're renting but it's not uncommon.
It's so common, in fact, that a former White House couple recently bought the house they were renting.
"The Obamas became part of a growing trend recently when they opted to buy the house they were renting." -The Washington Post
I estimate that 50,000 to 60,000 homes a year are bought by the previous renters.
If your landlord just approached you about buying the home you're well on your way to joining those 50,000+ Americans this year.
If your landlord has NOT approached you and you want to buy the home, do it, ask your landlord.
Do NOT be afraid to ask your landlord about selling the place to you!
Your landlord will LOVE that you asked even if your landlord doesn't want to sell right now.
Just your asking your landlord shows your landlord there's a strong market for the house. That makes landlords happy.
But don't ask until you complete this course.
Why You Haven't Heard About This Before
You probably haven't heard about people buying homes this way because landlord-to-renter home sales are often inside jobs.
Often no real estate agents are involved and if an agent is involved, it's usually the landlord's property manager.
You haven't heard about it because it's not the normal way to buy a home.
And honestly, no one teaches you in high school or college how to buy a home the normal way even though it's the most expensive thing you'll ever buy and you could be paying for it for the next 30 years.
It's one of those things people learn the hard way by making expensive mistakes, especially the first time they buy a house. I know I did.
Buying from your landlord may be a great option for you but I found zero in-depth information showing people how to do it.
Now with the "Ultimate Guide to Buying the House You Rent" online video tutorial course you can...
Learn how to take advantage of all the advantages of buying from your landlord while avoiding being taken advantage of by your landlord, and all with just a few hours of study.
You'll even learn how you can make your landlord happy to sell you the house for less than full market value.
And did you know that in some places owning a home is actually cheaper than renting?
This course is a practical, play-by-play guide of how to buy the house you're renting taught by an analytical real estate agent who spent a year creating the course.
This course is FAR more in-depth than anything else available on landlord-to-tenant home sales.
If this is the information you need, this course is by far your best option. There's nothing else in the same ballpark.
Warning! You may get upset after you own the house. You may look back and wonder what you would have paid if you had done this years ago.
What You'll Learn in This Course
1. How to Get Ready to Pitch Your Landlord
2. Getting The Money
3. Pitching Your Landlord
4. Getting Ready to Negotiate
5. Negotiating Price
6. Negotiating Terms
7. Property Manager Complications
8. Home Inspections and Seller Disclosures
9. Negotiating Repairs After Home Inspections
10. Taking Ownership
11. Game Plans
Get step-by-step, multi-page game plans that show you how the process works.
✓ Your landlord approaches you
✓ You approach your landlord
✓ Negotiating with a Property Manager in the Middle
And much more…
Frequently Asked Questions
What if I've never bought a home before. Isn't buying from your landlord pretty advanced?
Actually, buying from your landlord can go a lot more smoothly than a normal home purchase even if you're a first-time home buyer. I'll show you how, step by step.
I don't like negotiating. What if my landlord tries to steamroll me? What if my landlord gets angry at me? I don't like it when people get angry.
Buying from your landlord can go unusually smoothly.
This is because your landlord can make more money selling to you at below market price than your landlord can make selling to almost anyone else on the planet at full market price. So everyone is on their best behavior.
At the beginning, it's a lot more like talking to your landlord than negotiating. The course has some draft language to help you pitch the idea to your landlord in an email or a phone call.
You won't be stumbling forward and playing it by ear. You'll be moving forward with the end in mind.
You'll know what you're doing, what's next, what's next after that and so on. You'll be in control. The course explains the whole process to you from the beginning until you own the place.
At the beginning, you just want to see if there is enough common ground between you and your landlord that it looks likely you'll eventually be able to reach an agreement about you buying the home.
I detail in the course the next step which is for you to hire and manage a professional to help you with drafting a written offer and helping you come to a detailed written agreement that protects you.
Landlord-to-tenant sales can go unusually smoothly. Find out how.
What if I've never met my landlord in person?
That's not uncommon. You can pitch the idea to your landlord in an email or on a phone call. If your landlord uses a property manager, you can ask the property manager to ask your landlord.
What if I pay my rent to a property manager, not directly to the landlord?
No problem. In some ways it can be easier to have a property manager involved. But having a property manager involved can also add new expensive risks for you that you need to understand and avoid.
What if I don't even know where to start?
This course is perfect for you because you'll start with learning the basics and where the bombs are buried and work your way up to the specific steps you'll need to move forward with confidence.
What if it turns out my landlord doesn't want to sell or I can't work out an agreement with my landlord?
You'll end up knowing more about how home buying really works than the VAST majority of home buyers.
After completing this course, you'll also know how to select and manage a team of professionals to help you buy a home whether from your landlord or any other home seller, and whether now or in the future.
Also remember, you have unlimited access to the course for the life of the course and a 30-day, 100% money-back guarantee if you're unsatisfied or you don't think the course will pay for itself in future savings when you buy homes.
Will this course work if it turns out my landlord is a crazy person who won't sell for market price?
A lot of crazy people sell homes. But if your landlord wants a crazy high price, which is not uncommon, there's not much you can do about that.
This course gives you great selling points you can use to try to convince your landlord that selling the place to you at market price or less is a great deal for your landlord but you can't force a crazy landlord to sell at market price.
What you'll take away from this course - even if your landlord is crazy - is a deep understanding of the home buying process that will serve you for years to come.
How does the course work?
The "Ultimate Guide to Buying the House You Rent" is a self-paced, online, video tutorial course. You can access your course directly from the FirstTimeHomeBuyerSchool.com website.
Don't worry if something comes up and you can't finish the course right away. You'll have complete access for the life of the course so the course will be waiting for you later. When taking the course, you can mark videos as watched so you'll know exactly where you left off.
How much time do I need to take the course?
This course has just over 4 hours of videos. The videos range from 2 to 10 minutes. The average video is 5 minutes.
If your landlord just asked you if you wanted to buy the house and you want to get up to speed FAST, you can take the course in a day.
If you're not under time pressure, I'd recommend taking the course in a week or two. It covers a lot of material.
Is this a live course?
No, it's an online video tutorial course. You can take the course whenever you want and you'll have complete access for the life of the course.
When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
After enrolling, you'll have unlimited access to the course for the life of the course which I hope is forever.
What if I try it and then decide the course isn't right for me?
I stand by this course with a no-hassle, 100% money-back guarantee. If you are unsatisfied, contact us in the first 30 days and we will give you a full refund.
The "Ultimate Guide to Buying the House You Rent" is NOT for you if…
✓ You rent an apartment, not a house, townhouse or condo.
✓ You know your landlord doesn't want to sell and you don't think you can change your landlord's mind.
✓ You're struggling to pay rent on time or you have bad credit.
✓ You know you won't be able to get a mortgage large enough to buy the place.
✓ You want to do a rent-to-own or lease-purchase deal, you don't want to buy the place outright right now.
✓ You're just looking for quick tips and to-do lists. You're not interested in knowing WHY you should do all the things you should do.
✓ You only want to buy it if you can get it for WAY below market price.
✓ You can't commit at least 4 hours to taking the course.
✓ You live outside the United States.
✓ You hate your landlord.
The "Ultimate Guide to Buying the House You Rent" IS for you if…
✓ Your landlord just approached you about buying the house, townhouse or condo you rent.
✓ Your landlord just told you that your landlord is planning to put the house up for sale but your landlord wanted to give you first shot at buying it.
✓ Your landlord just told you that your landlord is going to put the house up for sale and now you're wondering if you could buy it first before your landlord puts it up for sale.
✓ You're financially and emotionally ready to buy a home soon and wondering if you can buy the house you're renting.
✓ You're a good tenant. You pay rent on time, you take care of the place and don't hassle your landlord.
✓ You like or love the house, townhouse or condo.
✓ You can see yourself living in the home for at least five years after you buy it.
✓ You like the neighborhood and the neighbors.
✓ You've looked at other homes for sale within your budget but prefer this home.
✓ You have good credit.
✓ You're a DIY person and like to do things yourself.
✓ You're willing to invest the time it takes to look behind the curtain and see how the home buying process really works.
✓ You don't know where to start.
✓ You're willing to invest at least 4 hours watching and studying the course videos.
✓ You're focused on the long term and understand that knowing how the home buying process really works today will benefit you in all your future home purchases.
✓ You had a bad experience with a real estate agent in the past and you want to take control of the home buying process this time.
✓ You know you can't guarantee that you'll be able to work out an agreement with your landlord but you do have a full 30-day money-back guarantee when you buy the "Ultimate Guide to Buying the House Your Rent."
✓ You like to look beyond the conventional ways of doing things and to find creative solutions.
✓ You know every potential landlord-to-tenant sale is unique; your landlord's situation is unique, you're situation is unique and the property is unique.
✓ You know you can't do it safely without outside help.
✓ Getting the home for a good price is very important to you.
✓ Reducing the stress to your family when buying and moving is important to you. (I've read moving is the third most stressful thing in live, behind death in the family and divorce.)
✓ You're willing to ask for help.
✓ You want to learn quickly how to move forward fast on buying the home.
✓ You want to know quickly if this is NOT a possibility so you can direct your energy toward buying other homes.
✓ You're willing and able to hire a flat-fee agent or attorney out of your own pocket when buying a home
✓ You like to understand everything before moving forward on anything.
✓ You're a landlord yourself and want to research selling to your tenants without paying 6% in real estate agent commissions.
This course is not for everyone. The home buying process is archaic, convoluted and complex. It changes from state to state and sometimes from county to county. If you study this course carefully, you'll know more about the home buying process than the vast majority of home buyers, whether first-time home buyers or not, whether buying from their landlords or not.
It's a real thing.
Try the "Ultimate Guide to Buying the House You Rent" for a full 30-days, 100% risk-free
It's easy. Take the course and if you don't love it and you don't think you'll save FAR more than the cost of the course when you buy your next home, get 100% of your money back.
This guarantee lasts an entire 30 days which means you have far more than enough time to take the whole course and then decide if it's right for you.
Yes! I want to
1 payment of $98
P.S. Why I Made This Course
I ended up feeling a LOT of buyer's remorse after we bought our first house.
I was swamped at work, and feeling a lot of pressure trying to establish myself in my first professional job.
After a couple of years in the job, we picked out our favorite neighborhood. It was near a future D.C. metro stop, West Falls Church, and we went to every open house we could find in the area for months.
I felt a lot of pressure to buy ASAP because the new metro station was going to open up soon.
We ended up buying a small fixer-upper. We bought it directly from the owner because the owner would NOT pay for a real estate agent for us. The owner didn't want any real estate agents involved. It was kind of like a typical landlord-to-tenant sale because we bought the house without any professional help.
Immediately I thought we paid too much for it, especially considering the poor condition of the home and all the work we would have to put into it to bring it up to speed.
It's seems crazy to me now but I didn't do any serious research into the home buying process before we bought that first house.
I figured you just find a home you can afford and you buy it. It seemed everyone was buying homes. How hard could it be? And, of course, I wasn't thinking that we'd end up buying a home without the help of a real estate agent.
I really wish I had taken the time to read up on the whole process before we bought that house. Really.
This was in the days before Amazon.com so I would have needed to have gone to some bookstores, find a good book or two for first-time home buyers and taken the time to read and study it.
I don't think we got a horrible deal on the house but I think we would have been able to get thousands of dollars off, if I had taken the time to research the home buying process and we were more prepared.
Maybe we would have shopped around for mortgages instead of going with the first loan officer we talked to. Maybe we would have bought a better home in a different neighborhood for the same money. Or maybe we would have bought a more expensive home that didn't need so much work in that neighborhood.
I'm absolutely, positively certain I would have GREATLY reduced my personal level of distress and future regret if only I had taken the time to seriously study the home buying process beforehand.
Reading just one book on the subject would have, no doubt, made a huge difference in my level of knowledge and self-confidence. Reading two or three books and I would have been a minor expert.
Instead, after we bought it, I blamed myself for not knowing what I was doing and paying too much for a fixer upper. I tended to fixate on my mistakes during all the DIY home repairs we did the first few of years we owned the home.
All those DIY home improvement projects gave me added stress on top my already high levels of job stress. I'm not a natural DIY guy. It was a lot more work than we bargained for. A few years later, we had the house in good shape… right before my job took us to France.
I worried for years after that all that weekend work sapped my energy from my family and my job and may have hurt my career.
For example, before we moved to Paris my employers let me study French full-time in D.C. for 5 months. Awesome! Except I spent every weekend and many evenings finishing up the exterior landscaping of the house.
By the time we moved I could speak a little French but I wasn't great. I think my job experience in France would have gone better if I had spent those weekends and evenings studying French instead of planting trees and shrubs.
Even today, I can't quite figure out why I didn't take enough time to get prepared to buy that first house. I'm usually extremely well prepared before I dive into anything but for some weird psychological reason I haven't figured out yet, I wasn't well prepared when we bought our first house.
And now that I think about it, I really wasn't very well prepared to buy our second or third houses either. Weird.
When we bought our second house, I was so wrapped up in my second professional job I didn't look beyond the first step, finding a home to buy. I wasn't really thinking about the next step after the house hunting step, and the next steps after that.
So I had to trust people a lot more than I like to trust people.
Again I hadn't spent the time to vet our loan officer or real estate agent as well as I should have. I was in too much of a hurry.
So I had to trust them to look out for our best interests as they shepherded us through the whole convoluted home buying process. I didn't know enough to know if they were doing good jobs or not.
I should have been suspicious on that second home when our real estate agent constantly complained about needing money. Yeah, that should have been a clue. In the end, I think she put her self-interest ahead of ours because she desperately needed a commission check ASAP.
If before we bought our first home 5 years earlier, I had read up on the home buying process, I'm sure I would have been better prepared for buying that second time too.
If I had gotten a solid foundation of real estate knowledge with that first home, I could have built on it through time. I would have been a lot more knowledgeable by the time we bought our second home. Instead, it was kind of like starting over with each home purchase.
Maybe I would have noticed other red-flags with that second home. I didn't understand the full ramifications to us of our real estate agent being a dual agent.
But I had just started a brand new job back home in Arizona and my mother was very ill. There's no way I had time to learn the whole byzantine home buying process then.
I knew I didn't know what I was doing. But I needed to find a place for my wife and two kids to live in right away.
Oh my gosh, I just realized I did the same thing 5 years later when we bought our current house, we used a dual agent again and I didn't understand the full ramifications.
Six years after that I became a real estate agent and slowly got to peak behind the real estate curtain.
Back before I became a real estate agent I think my thinking was;
"I'll become an expert on buying homes someday but not today. It'll take a lot of time to learn. When work is less crazy I'll study the home buying and selling process. Someday."
And it turned out, I was always too busy to study the home buying process even though our mortgage was always our largest bill.
Then each time it was time to buy another house, I was way too swamped with work and family stuff to invest the time needed to learn the process well.
I didn't know enough about the process to be able to supervise our loan officers and real state agents or to know whether they were doing good jobs or not.
I didn't know enough to be able to take control of the home buying process. My only choice was to kind of trust people and hope for the best.
I had focused on the house hunting part of the game and didn't completely understand the importance of... well, everything else.
We didn't buy any of our 3 homes directly from our landlords but those experiences taught me how important it is to be prepared and to know all the steps to buying a home before you jump in and get swept away by the home buying process.
Buying a home isn't one step. It's a lot of small steps.
It's even more important for tenants buying from their landlords to be prepared because their buying process is different from a normal buying process and you probably won't have a free real estate agent helping you.
That's why I feel certain this course that I've spent over 12 months of my life creating can help make a BIG difference in the lives of people who want to own the homes they're currently renting.
My house buying experiences explain to me why I thought it was so important to try and help those tenants who were walking into title company offices with their landlords but without written contracts.
"My goal is that after you own the home that whenever you look back at when you were buying it that you'll smile and think about how smoothly it went and how well all your hard work and preparation paid off."
Yes! I want to
1 payment of $98