Home Leasing

Earned-Credit Program™

Background photo by: https://unsplash.com/@zacgudakov

No need to own. No need to rent.

No need to lease - unless you are leasing with the Home Leasing Earned-Credit Program™ that offers you the opportunity to fundraise to:

  • Lease a completely furnished updated home

  • Apply your monthly housing lease payment towards building Earned-Credit™

  • Cover all the Qualified Expenses that includes maintenance, repairs, upkeep, real estate taxes, insurance, furnishings and accessories, plus other exciting benefits!

What is an Earned-Credit™?

Earned-Credit™ gives you the opportunity to lease a home but with the benefit of your monthly home leasing payment going towards an "Earned-Credit™ account".

For every $1 you make towards your monthly housing lease payment, $1 will go towards Earned-Credit™ on the value of the home you are leasing.

Once your credit builds up to equal the value of the home, you will no longer need to make a lease payment on the home.

The only cost to you will be to submit Give orders to cover the Qualified Expenses below.

Example:

  • Home Value: $100,000.00

  • Monthly Lease Payment: $1,000.00

  • Make 100 lease payments of $1,000.00 and there are no more lease payments to make

$1,000.00 monthly lease payment X 100 payments = $100,000.00 Earned-Credit™

  • Continue to lease thereafter with no more lease payments on a home value up to $100,000.00

How It Works

Fundraising Spending Account™:

  • When the funds are raised, it will go into a spending account to go towards the Qualified Expenses and will be controlled and managed by GiveReceive.Online LLC

  • Decisions of what expenses will be needed is based on the funds available, value and condition of the property, your style and ideas, and other factors that may be determined by GiveReceive.Online LLC

Property Selection:

  • You will search the community you wish to live in

  • Provide us with the property information for us to estimate the cost based on the Qualified Expenses below to estimate how much is needed to Money-Generate™ to acquire the property for you to lease

Property Acquisition:

  • The acquisition of the property is part of the Qualified Expenses below

  • The property must be purchased from the market or currently owned by GiveReceive.Online LLC

  • The property will be acquired/owned by GiveReceive.Online LLC or its affiliates

  • The property will then be leased to you and the housing lease payments will go towards your Earned-Credit™

Property Type:

  • Fee simple

  • Single Family Residence (attached or detached)

  • Condo (Minimum 50% Owner-Occupied and financially sound)

  • Townhouse (Minimum 50% Owner-Occupied and financially sound)

Your Lifestyle:

You will be consulted with a representative on your lifestyle to determine how much is needed to what updates, design, and furnishings are needed to make your home enjoyable, livable, and safe.

Qualification:

Determine the maximum home value you can afford based on your income by calculating the Maximum Home Value Income Qualification as demonstrated below.

The maximum home value you can lease will also be based on your gross monthly income (including your spouse/partner)

Maximum Home Value Income Qualification =

(Gross Monthly Income X 33%) X 360 months

Example:

  1. Suppose your gross monthly income is $4,000

  2. 33% of $4,000 = $1,320

  3. Your Maximum Home Value Income Qualification is:

$1,320 X 360 months = $475,200

Qualified Expenses

Property Acquisition Costs:

  • Acquisition of the home

  • Closing costs (including lease agreement contract)

  • Insurances: Homeowner, Flood, Earthquake, Personal Property, etc.

  • Real estate taxes and other government charges

  • Home Warranty

  • Home Improvement:

    • Repairs

    • Rehabilitation

    • Renovation

    • Updates

On-Going Expenses, Maintenance, and Upkeep:

  • Insurances: Homeowner, Flood, Earthquake, Personal Property, etc. (5 year cushion)

  • Real estate taxes and other government charges (5 year cushion)

  • Homeowner Association Fees, if applicable

  • Home Warranty

  • Home Repairs

  • Lawn and Garden Care

  • Snow Blowing

  • Floor/Carpet Cleaning

  • Pressure Washing

  • Housekeeping Service (optional)

Home Furnishings and Accessories:

  • You may consult with an Interior Designer for ideas on your furnishing needs based on your lifestyle

  • Furniture, Furnishings, and Accessories

  • Major Appliances

  • Televisions and Surround Sound (per living area)

  • Curtains and Accessories

  • Outdoor living furnishings

Note: Utilities can be paid through the Life’s Basics Spending Program