Tips on buying the house you are renting?

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  • Allentown, PA · Member since 2014 · 264 posts · 120 votes
    9y

    Two thoughts first:

    it is a rare situation that the owner of a rental property will want to sell the house they rent and not ask the tenant if they want to buy first.

    You can not buy what is not for sale.

    You need two things; your offer price and the name and contact information about the owner.

    You can probably find the name though your county tax collector web site or ask the management company, but keep in mind the Mgt co loses money if you buy the place.

    find comps and make an offer, you never know what they will say.

  • Charlotte, NC · Member since 2016 · 6 posts · 0 votes
    9y

    Mark,

    Thanks for the information - do you have any experience with rent to own contracts? How would I structure\? 

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