Contract Conversion To Get First Time Home Buyer Tax Credit of $8000 Options
As you are probably aware, traditional lease purchase, lease option and rent to own contracts do NOT comply with the IRS Installment Sales Contract Guidelines and as such, do not legally enable someone to qualify for and receive the federal First Time Home Buyer Tax Credit of $8000 and the state tax credits offered for home buyers that many states are offering, like Georgia, California, New York (called the New York State Mortgage Credit Certificate), Texas, Ohio, Idaho, Missouri, New Jersey, New Mexico, Pennsylvania, Tennessee, Utah and Florida. Additionally, lease option, lease purchase and rent to own contracts do not enable you to legally deduct your payment from your tax return like you can with a properly structured owner finance contract or a mortgage.
Unfortunately, you may already be in a lease option, lease purchase or other rent to own contract variant but still would like to take advantage of the federal and state tax credits. So, what do you do so that you don’t unnecessarily lose out on more than $8000 that you could have in your bank account within a few weeks?
What’s worse, is that you are also losing out on the opportunity to completely write off your monthly payment against your tax return and either increase your monthly take home pay or increase your year end tax refund. It is like losing out on a free $8000 AND not getting a $2,000 to $10,000 raise at work.
Have no fear, if you weren’t fortunate enough to find us or use our services for your existing home deal, we offer two different options that will help you convert your existing contract to a qualified owner finance contract.
The two options are our DIY Contract Conversion Pack and our Pro Contract Conversion so you can claim your First Time Home Buyer Tax Credit!
Have a great relationship with your landlord, understand all the details and want to do it yourself? No Problem. Simply select our DIY Contract Conversion Pack and you’re off to the races. You could have your contract converted and executed, your tax return completed or amended and filed all within a few minutes. It really is that easy with our DIY Contract Conversion Pack. You could have your $8000 check in a few short weeks.
Don’t want to deal with the time or hassle? Want a professional to do it for you? No problem. Simply select our Pro Contract Conversion and one of our professional investors will speak with you and your landlord, prepare the contracts, answer all the questions, get the contracts digitally delivered to you and your landlord so they can be digitally executed and assist you in getting your return or amended return completed and filed. Imagine having everything taken care of for you and receiving an $8000 direct deposit in just a few short weeks.
Here’s what you get with each:


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