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Updated 9 months ago on . Most recent reply

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Rent to own in Ohio

Andrew Grimmett
Posted

Hey there everyone!

Super rookie here so be gentle...I am exploring the option for a possible rent-to-own situation. I have a property that I have rehabbed that is in a D level area that I would want to off load after a time anyways and was wanting to know how everyone goes about doing this.

Do you have a contract that says something like "you rent from me for 3 years and then pay 100k over remaining balance of my mortgage"?

Are there many pitfalls/cons for them?

is it harder to evict for non-payment of rent under this in Ohio?

I really am only holding the property until I'll get enough capital plus equity to upgrade to a better duplex in the future. Any advice would be helpful :)

Most Popular Reply

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322
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Austin McClain
  • Real Estate Agent
  • Ohio
584
Votes |
322
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Austin McClain
  • Real Estate Agent
  • Ohio
Replied

It sounds like it's worth it to hire an attorney for this to make sure you have everything in order. I know a few, let me know if you'd like me to introduce you 

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