The Landlord Protection Agency  
Main Menu, Landlord Protection Agency homepage Membership With The Landlord Protection Agency Free Landlord Services Member Services  

Re: problems of lease to own - Landlord Forum thread 215217

Re: problems of lease to own by Jake on January 11, 2011 @16:40

                              
From time to time you will get a tenant with the fantasy that they can buy a home by simply paying rent. I have never known one of any of these tenants to actually acquire a home in this manner. They do not have credit for conventional loans and their lives and employment are so unstable that they can not make long term payments anyway. But if you have a place you are eager to unload and no institution will make a loan on it this may be the way to go. Jack the price up, charge 10% interest and get at least 10,000 down. Make out a contract to sale that does not give any vested interest until the sale price is paid off. Make sure they pay the taxes and carry mortgage insurance.
[ Reply ] [ Return to forum ]


Check-Out
Log in

Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Realty Brokers
Landlord Articles
Tips & Advice
Tenant Histories

Other Areas
Q&A Forum
Free Forms
Essential Forms
Landlord Tenant Law
Join Now
Credit Reports
About Us
Site Help



Contact The LPA

© 2000-2023 The Landlord Protection Agency, Inc.

If you enjoy The LPA, Please
like us on Facebook The LPA on Facebook
Follow us on Twitter The LPA on Twitter
+1 us on Google