The Truth About “Rent To Own” Real Estate Deals
Usually the question is something similar to this, “do you know any houses I could rent to own?” Inevitably the question comes when I’m in the middle of writing an offer or doing an online search for a client so my answer is usually a short no and I’m back at work.
However today I spent some phone time with a young lady who sounded real earnest about “renting to own”. I stopped my work, let two other calls go, and tried to explain what “rent to own” is not.
So what are the realistic options?
Hopefully there is enough here to stop people from wasting time looking for deals that don’t exist. If you do find that very unusual situation you still need to proceed with extreme caution. There are a lot of pit-falls in lease-options or even the elusive, “rent to own”.
If you would like to find out more about these situations drop me a line. [email protected]