1.       A prospective purchaser/tenant picks out a house from a preferred builder.

2.       The prospective purchaser/tenant contacts RH Homes Investment department  through either:

a.       themselves

b.       a sales counselor from the builder

c.       realtors that work with RH Homes

3.       RH Homes will call the builder to get the price on the house.

4.       RH Homes will contact a buyer/landlord.

5.       Preferred lender will qualify the buyer/landlord

6.       The buyer/landlord will then get paper work from the following groups

a.       The Builder

b.       Preferred lender

c.       A preferred management company

d.       RH Homes

e.       A preferred insurance company

7.       The buyer/landlord will fill out each set of paper work and turn in any documents requested.

8.       Our preferred lender will then process the loan. That includes:

a.       Underwriting

b.       Appraisal

c.       Title work

d.       Survey

e.       Schedule closing

9.       The buyer/landlord will close on the loan (it can be done in the investors own city)

10.    The tenant/prospective purchaser pays a fee to move into the investors property

11.    The tenant/prospective purchaser signs the following contracts:

a.       1 year lease with a preferred management company

b.       Non-binding letter of intent (this has an amount the tenant/prospective purchaser will buy the house from the buyer/landlord @ $10,000.00 over what the buyer/landlord paid for the house)

c.       Credit Restoration with a preferred credit repair company

12.    The tenant/prospective purchaser lives in the house until their credit is good enough to get a loan (this should not exceed 1 year)

13.    The tenant/prospective purchaser buys the house from the buyer/landlord

 

 

 

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