I've been talking to a property owner who is willing to do a rent-to-own deal with us.
Our credit is poor, so this will help us get into a house right away.
My question is, if they decide to do this, how much should I be paying?
My understanding is that we pay a set rent price, and then a percentage that will add up to be our 5% down at the end of the term.
Right now they are asking $1350 for rent, how much more than that would you estimate I'd end up paying with the rent-to-own deal?
Thinking of a 1 - 2 year term, but that has yet to be determined...
Would this be a good deal for me to do? It's a great house, if the owner goes for it, I would love to have that house.
Thanks
2007-07-10
03:15:04
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3 answers
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asked by
Mom2Boyzz
3