Finding an almost qualified buyer

[Michael Petersen]

Any ideas on how to find a buyer for our condo in Chicago who would be a candidate for owner financing or rent to own? Like someone who has damaged (not destroyed) credit or needs time to save for money down or job credibility? :roll:

[Brian Levredge]

You should probably advertise. There are many services that are free for landlords to advertise in. About 20% of lease options ever actually come to fruition. Many times things change during the course of the tenancy and the people change their mind about exercising the option, or simply unable to do so. Even though you get a bigger deposit and higher rents, the tenant is usually responsible for repairs and maintenance, which they often don't do. This could leave you holding the bag for a lot of money to fix up when they move out.