Rent to own homes/ getting into real estate investing

1 Reply

Hello my name is Bobby j, I live in Cleveland Ohio, me and my wife were thinking about buying a home for the first time, however we don't have a1 credit, and the money to do a down payment, does anyone think renting to own is a good way to become a first time homeowner and why?

@Bobby J Price Jr. Rent to own is not bad. However, with the financing options in this time period FHA 3% down to mortgage a property I feel is a better scenario. Personally I would not buy a house with a poor credit history especially on land contract. Most land contracts require higher monthly payments than a 3% FHA on a 30 year monthly payment plan. With that said, the combination of poor credit history and land contract doesn't sound good. Unless the deal that you are getting is worth it the gamble.

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