3116 Groton Way
  Point Loma, CA 92110

Rent 2 Own - Lease Option - Lease Purchase     











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Get Started HERE

Open House :  Call 858-272-5510 for an Appointment to See the Inside

Stop Making Your Landlord Rich...

"Use Your Rent Money to Get Started Owning A Home..."

"Rent To Own" Homes Allow You as a Buyer to Turn Your Rent Payment Into an Investment.


 Bedrooms: 3
 Bathrooms: 2
 Square Footage: 1260sf
 Lot Size:  
 Year Built: 1964
 School District: San Diego Unified

There is NO Bank Qualifying required to get started.

Reduce your purchase price. Pay your rent on time each month and receive a 50% rent credit .

Rent to Own Benefits   Tenant Requirements   Rent 2 Own Application

Rent: $1,600 per month
Security Deposit: $2,000
Down Payment: (Option Consideration): $8,000
Lease Option Term: 12 months with right to extend additional 12 months
Purchase Price: $357,000.00
50% Rent Credit (Pay rent on time & deduct $9,600 from purchase price at end of year one)

  Point Loma is a seaside neighborhood of San Diego, California.

Geographically it is a hilly peninsula that is bordered on the west and south by the Pacific Ocean, the east by the San Diego Bay and Old Town and the north by the San Diego River.

Along with North Island and the Silver Strand, Point Loma separates the San Diego Bay from the Pacific Ocean.

Point Loma has an estimated population of 45,887 (including Ocean Beach), according to the 2000 Census Bureau.

Perhaps the best known landmark in Point Loma is the Old Point Loma Lighthouse, an icon occasionally used to represent the entire city of San Diego.

Perched atop the southern point that creates the entrance of the bay with Coronado, the small, two story lighthouse was completed in 1854 and first lit on November 15,1855.

At 422 feet above sea level at the entrance of the bay, the seemingly good location for a lighthouse soon proved poor, as low clouds and fog often obscured the beam to ocean-going vessels.

On March 23, 1891 the lighthouse ceased to be used for its original purpose, as a new lighthouse was built nearer sea level on the same southern point. The Old Point Loma Lighthouse is now partially open to the public and has been refurbished to its historic 1880’s interior.





If you would like to own your own home but are unable to secure conventional financing, leasing a home with an option to buy may be your best option. A lease purchase (rent 2 own) can make your rent money work for you instead of making your landlord rich.

If you are like most people you dream about owning a nice home in a nice area. If you can afford a reasonable down payment (called 'option consideration'...a payment that "locks in" the purchase price) and monthly rent payments, you can easily qualify to buy this home. The amount of Option Consideration required  to "rent 2 own" this home is negotiable

Our owner “Rent 2 Own” financing program makes buying this home easy. Here is your chance to make your dreams come true. You can own this home today even if you have bad credit.

Imagine living in the heart of San Diego. Feel the tranquility of your gracious surroundings. Appreciate the convenience of living minutes from everything that makes life fulfilling.

Feel the tranquility of your gracious surroundings. Appreciate the convenience of living minutes from everything that makes life fulfilling. Family activities can also be found a short drive away - with Seaworld, Legoland, the San Diego Wild Animal Park and Zoo, all within a short distance, you’ll never run out of things to do while living in Oceanside.

We are conveniently located, only a few minutes walk to schools and shopping and have easy access to HWY 8 and HWY 5.

Filling out our FREE "Rent to Own" Application Form below will  provide us the information to put together a "Rent 2 Own" Agreement for you that will be within your budget.

Get Started Filling Out Our
FREE No Obligation "Rent 2 Own"
Application Form

Do you currently Rent or Own?
How would you rate your credit?
What is your maximum monthly payment and still remain within your budget? $
If you have "credit issues" how long do you think you will need to correct them?
How much can you put down as a down payment (Option Consideration) toward the purchase of your future home? $
What is the purchase price range that you can afford and still remain within your budget?
Approximately when do you plan to Move? *required
Moving in less than 30 days select #1
Moving in more than 30 days select #2

Other Information We Should Consider:

Your Contact Information?

(Please Complete All Fields)

First Name:
Last Name:
Street Address:
Zip/Postal Code:
Daytime Phone:
Evening Phone:


 Rental Credit Application

If you have any questions please contact me at: gmay@san.rr.com

Privacy Statement
We respect your privacy - All of your personal information will remain within the Lease Purchase Solutions network to assist you in buying, selling or financing your home.

Your Privacy is Always Guaranteed!   I Hate Spam as Much as You Do!!!


  "Delivering The American Dream"  
  Lease Purchase Solutions, Ltd.  
  Gar C. May
Real Estate Broker
CA DRE # 479003
Direct Office: 858-272-5510  
Email: gmay@san.rr.com   




Get Started HERE
  Our "Rent to Buy" Program is perfect for the family who wants to own their own home but can not yet afford to buy because of lack of funds for a down payment, poor credit, or not being on the job long enough to qualify for a bank loan. With our "Rent to Own" program you can fix these problems while you live in the house.

Even if you have "SHAKY" credit, that's all right. We don't have a required dollar amount that is necessary for you to put down to move in. That amount is negotiable and if your down payment offer is reasonable we will try to work with you. We will do our best to work within your budget for your monthly rent and your down payment (option consideration).

When you are ready to exercise your option to purchase and if you are not in default of your lease we will carry the financing so there is no need for you to qualify for a bank loan.

The question you need to ask yourself is what would your budget allow you to put down towards the purchase of your future home? This down payment (option consideration) will "lock in" the purchase price for up to 2 years.

Benefits of Lease Purchase for the Tenant Buyer

  • Maximum Leverage: You don’t need a 10-20% Down Payment to get into the Property. When you buy a Lease Purchase (Rent 2 Own) home, you can put down as little as first month's rent, a security deposit and a 2% to 4% or less option deposit. We can even spread some of this over monthly payments.
    • You are spending very little money to control a very expensive, and very profitable, piece of real estate. You will be put in full legal control of the home for a specified period of time without actually having to own it.
    • Compare that to a typical bank or lender who requires 10-20% down.
    • What is Option Consideration (Option Deposit)?
      • It is the upfront money you pay the seller in order to "lock in" the purchase price for 1 – 2 years.
      • When you sign a Lease Purchase contract, you will pay the seller an option deposit. This money is your vested interest in the home and will be fully (100%) credited toward purchase price when you buy the home.
  • Rent Money is Working Toward the Purchase of a Home: Every month a portion of your rent payment (typically 25% to 50% of your monthly rent/lease payment, depending on the home) is credited towards your down payment or off the sales price. This rent credit goes toward the final purchase price of the property. You are buying the property while renting it. Equity accumulates much faster than with conventional financing through a bank or lender.
    • Why Does a Landlord Give a Rent Credit? The Landlord gives a rent credit to the tenant as an incentive to pay their rent on time and take care of the minor maintenance and repair on the property.
  • Frequently No Down Payment at Closing - Minimum Cash Out of Pocket : Since you have given the seller up front option money and you have been receiving monthly rent credits, there will frequently be very little or nothing left to pay for a down payment at closing.
  • Profits from Appreciation: Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will mean that your equity (the amount you owe minus what it's worth) is increasing in the home.
  • Credit Problems are Okay: Qualification restrictions simply do not exist. You will be approved at the sole discretion of the seller.
  • No Lengthy Escrows or Mortgage Approvals: Your approval will be based solely at the discretion of the seller instead of a lender who can take up to a month (or longer) to render a decision.
  • No Taxes, Less Liability: Since you do not own the home (yet), you will not have to pay property taxes and your liability exposure will be dramatically reduced.
  • Quick Move In Time: You can typically take possession of the home in less than one week instead of conventional move in times of one to three months after your offer was accepted.
  • Time: Before you actually buy the home, you will have 12-24 months (depending on your agreement) to save for a down payment, repair your credit, find the best mortgage interest rates, investigate the home and research the neighborhood and/or schools.
  • Minimal Maintenance: Major maintenance and repair problems or any maintenance problems that exceed a certain amount of money are the responsibility of the owner.
  • Privacy: Your name will not be on the deed (or any other public records) until you exercise your option to buy.
  • Peace of Mind: You will have full control of the home knowing that you have the exclusive right to buy the home at a future date.

3 Main Requirements For The "Rent 2 Own" Tenant Buyer

1. Pay Rent On Time:
Each and every month the Tenant Buyer must pay rent on or before the 1st day of the month. Depending on which program is chosen, between 25% and 50% of the rent will be credited towards the purchase price of your future home. If the rent is not received on or before the 1st of the month you will lose the entire rent credit for that month. When you just rent there is no rent credit. When you have a traditional loan, in the early years very little of your monthly payment goes towards reducing the loan amount. When you “Rent 2 Own” if you pay your rent on time you will get a rent credit with a generous amount of that rent going toward reducing the amount owed on the home.)

2. Maintain The Property:
This will be your home. You will be responsible for all the day to day maintenance on the property. Anything major is usually the responsibility of the owner. If you clog the toilet, break a window, or make a mark on the painted walls it is your responsibility to take care of it. It is in your best interest to maintain and improve the property because eventually you will need to refinance the property and cash the home owner out and your lender will give you a larger loan if the property is in good shape.

Plus, if you make improvements to the property and the property goes up in value, (if you exercise your option to purchase) that increase in the homes value is yours to keep. Your purchase price is locked in at the beginning of the “Rent 2 Own” term and it cannot be raised for any reason. This is one of the huge benefits of our “Rent 2 Own” program.

3. Pay Up Front Option Money:
An upfront “Option Consideration” payment is required to move into the property. The amount is reasonable and negotiable. This payment is 100% applied towards the down payment of the property when you exercise your option to purchase the property. "Option Consideration" is what "locks in" the purchase price for the term of the lease option. The lease term on each property is different. During this time you will have the opportunity to save money, repair your credit and locate the best loan. Usually you have the right to buy the home at any time during the lease option period. If you do not exercise your option to buy the property during the “Rent 2 Own” lease term the upfront option money is forfeited. (Option money is not refundable.)






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