Rent to own

[Nely Jonassaint]

Hi, I'm just starting out and wanted to get into house hacking, but if I don't have much to start with, would it be better to start off with a rent to own establishment? What are the pros and cons? Thanks

[Abel Curiel]

Hello Nely,

I don't know much about the rent to own option but I do know there are plenty of states that allow you to purchase a multi-family home with an FHA with 3.5% down which makes house-hacking a great way to start off with little money down.

Brandon Turner wrote a book on investing with little or no money down which could answer your question and then some. Also, searching these topics right here on BP could answer your question as well.

Best of luck to you!

-Abel