{"id":7016,"date":"2016-03-08T23:35:34","date_gmt":"2016-03-09T03:35:34","guid":{"rendered":"https:\/\/www.duck9.com\/?p=7016"},"modified":"2017-01-26T20:06:56","modified_gmt":"2017-01-27T00:06:56","slug":"rent-to-own-startup-that-reduces-homeownership-friction","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/rent-to-own-startup-that-reduces-homeownership-friction\/","title":{"rendered":"Rent-To-Own Startup That Reduces Homeownership Friction"},"content":{"rendered":"

Larry Chiang helps you own real estate with ‘no cash out of pocket’ because of his Jedi in Business Administration<\/a> ( J.B.A.). Take that $500k you saved from a house ($250k) and an MBA ($250k) and bank all of it because neither Larry Chiang nor his mentor, Mark McCormack, went to Harvard Business. They both espouse, “get a house and an MBA for FREE”. It is \u201cWhat They Don\u2019t Teach You at Stanford Business School<\/a>“, but now teach at Stanford Engineering. Similar to a credit bureau dispute<\/a> written in sharpie on a #10 envelope, Reducing Homeownership Friction is “CS183PITI”<\/a>.<\/strong><\/p>\n

\"Larry<\/a><\/strong>by Larry Chiang<\/p>\n

Real estate!!!<\/p>\n

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Owning real estate is tougher when your FICO is low.<\/p>\n\n\n\n\n
<\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/8\/16, 10:14 AM<\/a><\/div>\n
note to self when back from vacay: Blog @duck9<\/a> “Rent-to-own”
\n#sxsw<\/a>.
\n#svbSXSW<\/a> twitter.com\/SVB_Financial\/\u2026<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Owning requires you to afford the P.I.T.I.<\/p>\n<\/div>\n

Principal, Interest, Taxes & Insurance.<\/div>\n
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<\/span><\/td>\nTechCrunch (@TechCrunch<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/3\/16, 6:30 AM<\/span><\/a><\/div>\n
Roofstock launches marketplace for purchasing rented homes\u00a0tcrn.ch\/1RJS0xh<\/a>\u00a0by\u00a0@Katie_Roof<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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RTO =\u00a0“Rent-to-own”<\/span><\/div>\n
Profit is hidden when the RTO would-be owner defaults. Regular profit is where renter pays above market price to rent. A small portion goes to down payment.\u00a0<\/span><\/div>\n
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Hidden landlord cost = eviction.\u00a0<\/span><\/div>\n<\/div>\n
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<\/span><\/td>\nSilicon Valley Bank (@SVB_Financial<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/3\/16, 2:57 PM<\/span><\/a><\/div>\n
Congrats to the\u00a0@roofstock<\/a>\u00a0team!\u00a0twitter.com\/TechCrunch\/sta\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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Sleep Where Larry Chiang Slept<\/h4>\n
Los Angeles, CA, United States<\/div>\n

This room is at “Collab House” and is called *Gua Gua Guacamole*. It is awesome. Inside your private bath, there are entrepreneur recipes so that you can do what I do (and make it look easy). The q…<\/p><\/blockquote>\n<\/div>\n