Has anyone successfully done this, preferably in a region where the purchase prices are lower, like Cleveland? Please share your experience. Pros and Cons of the experience? What term of Lease to Own did you use? I have heard 7-10 years is common. Any other comments.
Hi, Kellan. I've been doing various types of lease options for 20+ years, in various price ranges throughout the US. The first thing I will say that as the owner the typical lease length I offer is 12 months. Don't know where you heard 7-10 years, but that is certainly not a wise approach from the homeowner's perspective.