Is it more convenient to rent a house or ” lease to purchase” option?
What would you recommend? They advised me to look into leasing with the possibility of owning which would be by using part of the money for the rent to pay for the house for a certain period of time. Now, it will be useful to find a place or website where no realtors but owners are involved that offer this option. If you know of anything please let me know. I live in Florida. Any helpful answers will be welcomed.
Thanks,
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Tags: House Lease, Lease Option, Money
lease property | , 27 Apr 10
By Anne, April 30, 2010 @ 12:55 pm
I’ve been looking for the same thing and found quite a few homes on craigslist. This has been the best site for us finding our house (for rent to own) in the new area that we are relocating to.
By jazzyguy17, May 3, 2010 @ 12:26 pm
From what I’ve learned you should consider renting with the option to buy. This way your rent money is helping you to build some equity and you can still back out later if you want to. There are several things to consider when doing this and I can’t explain everything here. For instance you will probably have to come up with some non-refundable option money to set up this kind of arrangement. I suggest you get some books on real estate investing to learn more about this. Let me know if I can be of more help. I live in New York and have just gotten into the real estate investing field this year.