How to structure a rent to own/ owner finance contract?

Atlanta, Georgia
Buying & Selling Real Estate
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How to structure a rent to own/ owner finance contract?

Michael Drake
Member since 2025 · 3 posts · 1 vote

I am looking for advice on how to structure a rent to own contract. The house is a 3100 sq ft 4 bedroom 3 bath house in the pine mountain area of Georgia and I am looking to get $435,000 which seems to be a very competitive price for the area. Any advice is greatly appreciated. I was thinking a %10 down payment and 5.5/6% interest with my taxes and insurance included in the payment.

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  • Ken M.
    Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    11mo
    Quote from @Michael Drake:

    I am looking for advice on how to structure a rent to own contract. The house is a 3100 sq ft 4 bedroom 3 bath house in the pine mountain area of Georgia and I am looking to get $435,000 which seems to be a very competitive price for the area. Any advice is greatly appreciated. I was thinking a %10 down payment and 5.5/6% interest with my taxes and insurance included in the payment.

    For a $435,000, you want to use an attorney to create an agreement. Cheap contracts are very expensive. It costs a lot to fix a poorly written contract in time & money to litigate.


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    • Michael Drake
      OP
      Member since 2025 · 3 posts · 1 vote
      11mo

      @Ken M. Yessir I definitely plan to have my attorney write up the contract 

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    11mo

    Has the seller agreed to this? Typically on these types of deals, you will pay much higher interest rate than the market rate because of risk. 

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