Rent to own is BS. All that happens is that you are given credit for the money paid to the principle of the loan while you were a renter. If it is a loan less then 10 years old then they are basically making your first mortgage payment for you after you have been paying them rent for 2 years and allowing them to own a house for free while it appreciates in value and since you are trying to get that little pittance of money that they are promising to give you they will demand a higher price for the house that you have been paying for already. Just buy a house right off the bat and don't deal with A hole scammers.
Rent to own question...
So I find myself not exactly ready to purchase a house a the moment. But I really do not want to back to the apartment life bs. I was asked by a buddy why not rent-to-own? This idea had not really crossed my mind until he asked.
What are some pros/cons about this? The reason I'm not looking into purchasing a house no more is due to the fact that my debt to income ratio is not ideal. Does this come in play when renting-to own? Where are some sites I can view houses or get more info?
Thanks
What are some pros/cons about this? The reason I'm not looking into purchasing a house no more is due to the fact that my debt to income ratio is not ideal. Does this come in play when renting-to own? Where are some sites I can view houses or get more info?
Thanks
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Just pay off the debt and then purchase when your ready. I can send you some lease properties if you want.
~Real Estate Nate
~Real Estate Nate
Nate you got a number I can reach you at?
Looking to do something in the next few months, just not sure what exactly.
Looking to do something in the next few months, just not sure what exactly.
96Cobra_Nate PM sent!
1 - 5 of 5 Posts
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