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    Blestmotherof3's Avatar
    Blestmotherof3 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 12, 2016, 12:53 PM
    Rent to Own Properties
    Are there any rent to own properties in my area?
    Wondergirl's Avatar
    Wondergirl Posts: 37,910, Reputation: 5430
    Jobs & Parenting Expert
     
    #2

    Mar 12, 2016, 01:00 PM
    What is your area? Have you called realtors?
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert
     
    #3

    Mar 12, 2016, 06:22 PM
    DC? I highly doubt it. DC always has been and always will be an expensive market because of the federal government.

    My feeling is that rent to own is absurd. You need the interest deduction. Some sellers will finance a mortgage, but you need excellent credit and a solid income.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #4

    Mar 13, 2016, 10:43 AM
    Would help to know where you live. Any realtor in your area could help. Look at "www.realtystore.com"
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
    Uber Member
     
    #5

    Mar 13, 2016, 11:39 AM
    Is there a reason you can't get a mortgage?

    If you are able... there are so many more possibilities because most people selling a property would rather be paid NOW for it rather than carry back the mortgage for a long period. And the risk that goes with it if you do not maintain the property.
    talaniman's Avatar
    talaniman Posts: 54,230, Reputation: 10853
    Expert
     
    #6

    Mar 13, 2016, 09:42 PM
    Please do the home work before you get involved,

    Pros & Cons of Rent-to-Own Homes | Home Guides | SF Gate

    Rent to Own Homes - Pros/Cons, Tips, and More | Bankrate.com

    AND,

    Home Buying: What are the pros and cons of rent/lease to own? - Trulia Voices

    I think you do better managing your own affairs, and getting prequalified for a mortgage by using qualified people, like a good broker, or realtor, as a guide through the pitfalls of leasing/renting to own. Preapproval is what gives you leverage and much more options. It starts with understanding your own FREE credit reports.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,304, Reputation: 7692
    Expert
     
    #7

    Mar 14, 2016, 05:17 AM
    There are normally some, anywhere you live, Craigslist is a good place to start.

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