Updated about 13 years ago on . Most recent reply
Fee/rent structure setup for Rent to Own suggestion
Hello,
I am thinking about doing a rent to own on my personal home.
Would you please suggest a fee structure that would be appropriate for my situation? I mean, how much down payment, rent, monthly allocation to principal, 2 or 1 yr, etc.
My mortgage is around 114k
Monthly mtg pymt $560.00
Monthly possible rent could be between 1,000 to 1,2000 (next door house is being advertised for rent for $1,200 and it is almost the same floorplan)
I need to start moving this home quick as I have to leave in 2 months on a trip.
So I would appreciate your input so I can start advertising some numbers to potential tenants.
Thank you for your time.