Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

242
Posts
104
Votes
Peter Halliday
  • Rental Property Investor
  • Arlington Heights, IL
104
Votes |
242
Posts

Investors that do rent to own

Peter Halliday
  • Rental Property Investor
  • Arlington Heights, IL
Posted

I’m looking for someone in a Chicagoland that has experience with rent to own. Preferably someone that has done many. I have experience with one it was more a Land Contract.

I have some questions to ask someone that has gone through a bunch of them. 

Most Popular Reply

User Stats

4,305
Posts
2,636
Votes
Jonathan Klemm
  • Contractor
  • Chicago, IL
2,636
Votes |
4,305
Posts
Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

@Peter Halliday - There is actually a guy out in your area that does quite a few of them.  He provided me his lease to own contract.  Shoot me a PM and I can provide you his contact information because I don't think he is BP.

Also, @Joe Mueller has done quite a few and is in your area.

Overall it's a great strategy.  You just need to go all-in on it so you have the right systems and processes in place. Most of the time none of the tenants end up purchasing the homes (which is sad).  I love the idea of working with the tenants to improve their credit score and financials and then helping them purchase.

business profile image
Quality Builders
4.9 stars
45 Reviews

Loading replies...