A lease option, or rent-to-own, combines a rental agreement with the right (but not the obligation) to purchase the property later at a predetermined price.
Log in to followThe house is a 3/2 about 1,250 sq ft in a decent working neighborhood, I've owned it seven years, rents for $2,100 and it's my lowest-maintenance unit. My tenant of three years as…
I'm reading a sample rent-to-own agreement someone posted and three different words seem to be doing the same job. There's a $5,000 "option fee" up front, then $200 a month descri…
I'm building the screening file I'd use if I ever offered a rent-to-own on the house I'm about to close on, and the standard tenant screen doesn't answer the question I actually h…
I'm setting up a rent-to-own on a small house as the buyer and the owner has left the term open for me to propose. My credit needs about eighteen months of clean payments and a bi…
Land version, since most of the room is doing houses. 34 acres, mostly cleared pasture, 700 feet of county road frontage, an hour out from a growing small city. Seller was an out…
Looking at a listing that's advertised as rent-to-own. House is priced at $240,000 with a three-year option, rent is $1,650, and $300 of each month's rent is credited toward the p…
Posting this as the beginner version because I was a beginner at it, even though I already had six units at the time. The house: 3 bed 1 bath, 1,100 square feet, older neighborhoo…
Building a service business helping owners set these up and I want to know where the structure breaks before I put my name on it. The version I keep seeing pitched: 60-month term,…
Bought a 4 bed to flip, ARV penciled at $320,000 going in. Two appraisals during the reno came in at $293,000 and $297,000, and I'm all-in at $271,000 including a $19,000 overrun…
I own a small triplex and the woman who owns the fourplex two doors down is tired of managing it. She floated leasing the whole building to me for a flat $4,400 a month for three…
Found a listing for a 3 bed in a suburb I like. It's advertised as rent-to-own. The numbers in the ad: house "valued at $340,000" $10,000 down $2,300 a month purchase price $365,0…