RentToOwn-HouseFinder.com
How does it go if you rent to own a house?
My husband and I would like to rent to own if his brother agrees. His brother just sold his house and is not planning on buying another home for awhile cause he works on the rigs and is never home he just plans on living in his 5th wheel. If we got him to buy us a house how would that work???
Public Comments
- The brother would buy a property. It will be harder for him to purchase as he will have to disclose that this will be an investment property and not his personal residence. In many states that also means that he will pay a higher property tax. You woud pay rent to him. That would allow you to purchase the property at a later date. You need to set the purchase price ahead of time. You also decide if any of the rent gets reduced from the purchase price. This only gives you the option to purchase, not the rights of an owner.
