How Does RENT TO OWN Work??? GOOD IDEA...
is rent to own a good idea to use when buying a cheap property that you might not be able to sell outright? and how does it work..land contract where if they don't pay you can evict rather than forclose??? thanks for any help.
I have noticed on this site many people call rent to own either a lease option or a land contract. They can get what you want done. You will agree on the terms of the contract on either. Most are done in my area with a balloon payment due at the end of 2 or 3 years. At that time the buyers must refinance the land contract or lose their money. If they do not pay here, they can be evicted and they lose their money.
Hope this helps
Lori
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