Grand Rapids, MI Rent to Own - Viable Option? (buyer pov)
My husband and I are moving back to Michigan after 5 years away. We have excellent credit, but due to focussing on Volunteer work and not working full time the past few years, we lack the capital for a down payment. The thought occured to us that Rent to Own might be a good option if the right property presented itself. I have been reading the forums and blogs and it seems RtO would be a really good option for both us and the investor, depending on the contract.
Does anyone have experience with this type of deal in Michigan?
Any ideas on who we could talk to about potential rent to own properties or where to find them? I havent been able to find a dedicated website yet, like you would for foreclosures.
Would it be appropriate to just reach out to any home that is currently on the market in our target area and price range?
Thanks for any and all help!