Rent to Own

Buying & Selling Real Estate
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Rent to Own

Joseph Dimaria
Contractor · Woodridge, IL · Member since 2014 · 176 posts · 10 votes

I am looking to network with professionals that work in the rent-to-own space. I am most interested in the South Suburbs of Chicago.

I am also interested in other investors success stories when doing rent-to-own. Are there any huge negatives or positives.

I appreciate the input.

Thanks!

Joe

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  • Jeff B.
    Buy & Hold Owner · Redlands, CA · Member since 2015 · 5k+ posts · 2k+ votes
    10y

    Aka:  Lease with option to buy.

    Seller offers option to buy,  for a fix time period with an option price to the leasee. Some portion of the rent is said to be applied to the down payment.  Seller can not sell to anyone else while the option is still running.

    When option period expires, leasee must exercise the purchase, or forfeit.

    There can be legal issues, so do your homework.

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  • Jim Pellerin
    Real Estate Consultant · USA · Member since 2014 · 1k+ posts · 751 votes
    10y

    I don't know if you realize it, but there is Forum dedicated to RTOs / Lease Options

    https://www.biggerpockets.com/forums/83-rent-to-own-a-k-a-lease-purchase-lease-options

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