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Updated over 5 years ago on . Most recent reply

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Karina Villamar
  • Atlanta, GA
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Rent To Own Properties

Karina Villamar
  • Atlanta, GA
Posted

Does anyone obtain experience doing rent to own properties? If so, please share with me.

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @Nathan Williams:

they can be a great deal for the owner and pretty much always a very bad deal for the renter who got reeled in

 That all depends on who you rent to. just don't "real in" a tenant.  Have them come to you because of non-financial reasons, like:

1 - Getting a job transfer to your property's area, and not sure if the one year contract will be extended once the project they were transferred there for will still exist.

2 - Wanting to try out a house before they buy

3 - Having approvable credit, but no down payment, so they LO to buy time to accumulate the DP.

4 - Can't get credit approval because job is new.

5 - ...and many more.

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