2006-09-28 06:11:36 · 12 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Sure. The rent to use just has to cover the mortgage, insurance, taxes, and then some profit for the landlord. it is done all the time. Rent-to-own is more because it includes a locked in price for the sale which might be tough to set for a long term. Anything might be negotiated if the seller is looking to lock in a buyer before house prices for that range drop even worse than now.
I know someone who is renting one in that range for $5000 per month in a desirable northeast town. No one thinks it is odd or unusual at all.
2006-09-28 06:16:12 · answer #1 · answered by Rich Z 7 · 1⤊ 1⤋
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2016-07-18 23:47:50 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Rent To Own Homes : http://RentToOwnHome.uzaev.com/?keFk
2016-07-11 23:15:18 · answer #3 · answered by Sandy 3 · 0⤊ 0⤋
yes you can. It will be alot of money though. It would make sense if you have that cash flow, but not the credit.
Buy it and rent it out? You would have to put 70% down for it to make sense. Expensive, moeny better elsewhere
2006-09-28 08:36:42 · answer #4 · answered by cjkloanguy@yahoo.com 2 · 0⤊ 0⤋
I actually have a listing where you can rent to own a million dollar home. $3400 option fee down, $3400 deposit and $3400/mo.
It's not uncommon in Southern California.
Regards
2006-09-28 15:06:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, but I want a $100,000 security deposit, $20% down, and $5,000 per month rent.
2006-09-28 06:26:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No. Why would a millionaire allow you to buy his house when he is assuming all the risks. He would be stupid stupid stupid and he did not get his millions being stupid.
Rent to own is totally risky for the investor.
2006-09-28 06:47:41 · answer #7 · answered by Nevada Pokerqueen 6 · 0⤊ 1⤋
Buy it with an interest only mortgage. Then rent it out.
2006-09-28 06:17:38 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Yes... but there are much more efficient ways of doing it.
The death of a wealthy family member is known as "the old-fashioned way".
2006-09-28 06:19:30 · answer #9 · answered by poorcocoboiboi 6 · 0⤊ 1⤋
yeah it's called a mortgage payment, your prety much renting from the bank.
2006-09-28 06:19:34 · answer #10 · answered by Anonymous · 0⤊ 2⤋