There are typically two situations in which a homeowner decides to offer a rent-to-own deal to a tenant. The first occurs when the homeowner is unable to sell the property in a timely manner, and can’t afford to keep paying the mortgage without some level of assistance.
The second occurs when the landlord wants to get rid of an investment property but has a tenant and is in no rush to sell. If you find yourself in either of these situations, you too may want to consider offering your tenant a rent-to-own option…. [Read More]