(Closed) Rent to own?!?

posted 5 years ago in Home
Post # 3
Member
21 posts
Newbee
  • Wedding: May 2015

My FI dad and wife of 5 years recently moved into a rent to own. It’s in the country 2,100 sq ft and freaking fabulous and on over an acre.  They had previously lived in a home that was in their family for years and finally ventured on their own.  They have yet to complain after close to a year.  I wonder how it actually works.  Would the owner sign it over to you after you’ve paid their price?

Post # 4
Member
497 posts
Helper bee
  • Wedding: July 2016

Friends of mine are doing that right now. I feel like it might depend on the people selling? They are literally paying a normal rent amount of $1500 a month which includes property tax and utilities until its paid off and the owners are signing over the house. 

I dont see any problem with it. They will own their house a lot sooner because of it.

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