2007-11-25 22:04:03 · 5 answers · asked by jadajoann 1 in Business & Finance ➔ Renting & Real Estate
It's not the best move to make. Frankly, you're better off renting on your own until you have sufficient monetary assets to purchase.
Lots of folks have lost lots of money in the 'rent to own' scheme. The worst ones are those where you rent to own, and the current owner doesn't pay the mortgage, resulting in a foreclosure of what you thought you were going to buy.
2007-11-26 01:28:18 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
2
2016-07-20 06:24:56 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Rent To Own Homes : http://RentToOwnHome.uzaev.com/?Jwua
2016-07-13 05:30:33 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Hm.. actually I don't know information about rent to own homes specifically in chicago, IL. But I found a website that shows you tips on how to get started in rent to own.
The website is:
http://www.real-estate-investor-tips.com/rent-to-own-2.html
Check it out. Hope this will help you.
Cheers
2007-11-26 02:48:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
do you have someone willing to do this?
then get the papers notorized..
and be careful....
I was watching "suzie Orman" the other day and amazed at how many scams she was talking of..that an inexperienced person could end up in..
without any advice at all...
the main one she talked of in a zero down..was basically a rental..and if you didn't have the downpayment at the end of term..you were out..
2007-11-25 22:10:18 · answer #5 · answered by m2 5 · 0⤊ 0⤋