Are rent-to-own homes a good idea? Today we’ll discuss the basics of the rent-to-own homes option to determine if it’s the right fit for your situation.
The rent to own homes option is excellent for those that are having difficulty obtaining a mortgage the traditional way.
It’s not uncommon for tenants to pay 15-20% more in rent as well. But remember that this “extra” amount will be credited toward the home’s future down payment.
One of the best sources to find homes with the rent to own option is online.
– RentToOwnLabs – IRentToOwn – RealtyStore
Yes, real estate is an investment, and it does appreciate over time but consider buying due to you wanting to make a lifestyle change versus thinking about it as an investment.