Rent to own In Indianapolis

Indianapolis, Indiana
General Landlording & Rental Properties
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Rent to own In Indianapolis

Lior Shulstein
Investor · Indianapolis · Member since 2020 · 8 posts · 4 votes

Hey everyone,

Happy New Year!

We are currently analyzing a deal in Indianapolis and considering Rent-to-Own (Lease Option) as our primary exit strategy. If anyone has executed this locally, I’d appreciate some insights on the actual market reality:

Demand: Did you see strong interest/demand for RTO compared to standard rentals?

Rent Premium: Were you able to secure above-market rents?

Maintenance: Did the tenants actually handle the maintenance and repairs as agreed?

    Any other tips or "gotchas" from your experience would be great.

    Thanks!

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    • Chris SeveneyBusiness Member
      Moderator
      Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
      9mo

      if I were to consider, this is my option, I would not make it look better on paper because the chances that you end up going down this path and using this is your "best case scenario" will lead you to very big disappointment. You also have to be very careful structuring a rent to own and make sure they are two separate agreements. You do not want rent going towards any of the payments that could be considered a mortgage payment. The old adage if it walks like a duck quacks like a duck and looks like a duck, it is a duck. Because if you do go down that path and the bar defaults courts, most likely will force you to do more than just an eviction 

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    • Lior Shulstein
      OP
      Investor · Indianapolis · Member since 2020 · 8 posts · 4 votes
      9mo

      Thanks, Chris.  

      Appreciate the input

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    • Harvey LevinPro Member
      Property Manager · Indianapolis, IN · Member since 2012 · 209 posts · 162 votes
      9mo

      Find an attorney who has lots of experience with rent-to-own.

      Rainbow Realty in Indianapolis
      https://www.theindianalawyer.com/articles/48150-dreams-into-...

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