Has anyone bought a house rent to own or with an investor? What was your strategy?

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Has anyone bought a house rent to own or with an investor? What was your strategy?

I live in IL. Dupage county and would like to find a good investor or rent to own program.

2007-02-04 09:06:58 · 2 answers · asked by mskarmelbrown 2 in Business & Finance ➔ Renting & Real Estate

2 answers

Just work with a real estate agent and look for undervalued property or lease purchase options. If you know what you're doing, then venture out on your own with an "investor". Keep in mind, licensed real estate agents can lose their license and/or be sued for taking advantage of you. On the other hand, real estate investors just can be sued.

Also, the common thing to look out for is a clause which states that you lose your option to purchase the property if you're ever late on rent.

Regards

2007-02-04 15:19:54 · answer #1 · answered by Anonymous · 1⤊ 0⤋

2016-07-19 19:03:06 · answer #2 · answered by Adriana 3 · 0⤊ 0⤋