|
|
 Originally Posted by Hawk
Rent-to-own. Good/Bad? Drawbacks/Benefits?
Look up rentacenter or aarons for household goods - same thing, basically. If you're going to live there for absolutely forever and have terriible credit and want to get into a particular place or area RIGHT now, lease to own is not the worst option. Just know going in that 90% ish or more of your payment is going towards nothing. It would lock you into a lower purchase price if the market is booming like 5 years ago, but that's def not the case now. Land contracts are another thing to look into if you can find something financed by the owner of a property. Same principle as lease or rent to own, but more of a one-off kind of deal instead of dealing with a real estate company or whatever.
|
Reply With Quote