Im floating with the idea of rehabbing and holding as a rent to own property. does anyone have any experience in the this, would you do it again? are you still doing it? any tips?
I'm looking to do this in an area the i would say is c class and has the opportunity of becoming a b- or b+ in a year or so, as gentrification is going on now in some of the parts.
thanks in advance for your responses.
I've found that rent to own is pretty much a marketing ploy. Do you really believe the tenants will buy?
Just rent the home.
good point, however i do feel they are individuals that want to and don't have the means to yet. also it would be mainly rental but i would like to give an option to buy, if they were to choose that option it would be with a larger security deposit and portions of their rent to go towards the house sale price, with a 1 yr agreement. the intentions is and wishful thinking would be to acquire tenants who would care for the place as their own cause they intend to buy. once again wishful thinking.
open to criticism. thanks
Robert Ruiz, Ruiz Real Estate | [email protected] | 337‑274‑0545
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