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What types of real estate does Triple Net Houses, Inc. handle?
Triple Net Houses, Inc. only deals with single-family homes. Single-family homes are the most liquid type of real estate and they are the most easily rented and financed. Triple Net Houses, Inc. prefers to lease properties that have been fully refurbished. The houses listed for sale on our website have been fully refurbished and inspected and qualify for a lease with Triple Net Houses, Inc. Please contact us if you currently own a home or are contemplating purchasing a home to lease to us. We will let you know if the house will qualify.

How does the deal work if there is a tenant in the house? I thought that my lease is with Triple Net Houses, Inc.?
Your lease is with Triple Net Houses, Inc. We pay you each month. The tenant is subleasing the house from us. We (not the tenant/occupant) are responsible for paying you each month.

Please describe the lease between Triple Net Houses, Inc. and me?
The lease is a triple net lease, sometimes known as a net-net-net lease. In this type of lease the lessee, Triple Net Houses, Inc., pays all expenses related to the property – real estate taxes, assessments, insurance and maintenance. You just collect an agreed upon rental amount.

What happens if the tenant/occupant does not pay?
You are still paid by Triple Net Houses, Inc. You don’t miss a beat. Your triple net lease is with Triple Net Houses, Inc. – not the resident.

What happens if there is a maintenance item that has to be paid?
Triple Net Houses, Inc. must pay it. In our triple net lease, we are responsible for all maintenance.

What is the duration of the lease?
The lease between you and Triple Net Houses, Inc. is for 10 years at a time.

Can I get out of my lease early?
You may terminate your lease at any time with no penalty simply by giving Triple Net Houses, Inc. a 60 day written notice.

What happens at the end of ten years?
You can do anything you like with the property. Triple Net Houses, Inc. will be very willing to provide you with a new proposal to continue leasing the property from you.

Can I sell my house before the ten years is over?
You can sell your house at any time. Upon the sale of the house, the new buyer can continue the triple net lease with Triple Net Houses, Inc. or you can terminate the lease with no penalty. The fact that a triple net lease is in force may be a great selling feature to a new buyer which could result in a quicker sale for you at a higher price.

What assurance do I have that Triple Net Houses, Inc. will pay me?
The principals of Triple Net Houses, Inc. are very experienced in managing residential real estate. Triple Net Houses, Inc. has established credit lines to cover any cash shortfalls. Additionally, we provide you with an up-front deposit equal to 3 monthly lease payments as additional security for you.

Do I need good credit to participate?
If you already own the house that you will be leasing to Triple Net Houses, Inc., your credit is a moot point. If you will be purchasing a house to lease to Triple Net Houses, Inc., then credit is important. Most investors choose to maximize leverage to secure the greatest return on their out of pocket dollars. There are good conventional mortgage products available requiring only 20% down. Good credit is necessary to obtain this type of financing.

How do I know that I am paying a fair price for the home if I elect to purchase a house advertised on your website?
Your lender will require an appraisal. They will not make the loan unless the home appraises for at least the purchase price.

Can I purchase a home shown on your website without doing a Triple Net Lease?
The houses shown on our website are approved for Triple Net Leases. They may be purchased, however, without doing a Triple Net Lease.

Do you only offer Triple Net Leases with houses shown on your website?
No. If you have a house that you would like us to consider for a Triple Net Lease, just contact us with the details so we can provide you with a quote.

Is purchasing a house and leasing it to Triple Net Houses, Inc. a good way to invest my 1031 Exchange proceeds?
Triple Net Houses, Inc. offers a tremendous way to defer your taxes from the sale of a property by using a 1031 Exchange, Please see our 1031 Exchanges link for further details.

Do I have to pay capital gains taxes when I sell a property?
These days many investors are using tax deferred 1031 exchanges. We can help you accomplish this. And, of course, always consult your tax professional.

Can you walk us through a typical transaction?
Sure! Let’s say you purchased a Triple Net Houses, Inc. lease-back approved home from our affiliates for $60,000. You make a 20% down payment of $12,000 and finance $48,000, with the seller picking up all of the closing costs. Thus, your out of pocket cash outlay is $12,000. Triple Net Houses, Inc. would agree to lease the house from you for $455 monthly for 10 years. Triple Net Houses, Inc. would agree to pay all real estate taxes, insurance and maintenance during the duration of the Triple Net Lease. Assuming that you borrowed $48,000 @ 7% interest for 30 years, your monthly principal and interest payment would be $319. Therefore, your monthly cash flow would be $136 and your annual cash flow would be $1,632. Based on your cash outlay of $12,000 your cash on cash return is about 13.6%. Additionally, during the 10-year duration of the lease, you would have paid down the principal amount on the mortgage by an average of $681 annually. Therefore, your total return (cash flow plus equity build-up) woul average $2,313 annually - which would equate to an annual return of 19.3%. This return does not factor in appreciation or tax savings which should further enhance your return.

How do I get started?
Just call Triple Net Houses, Inc. at 1.877.899.3NET. Our associates will be happy to answer any questions that you may have and provide you with information on properties that are currently available.