how do i go about to found someone who rent to own

im trying to find a home to rent to own for me and my family
(0) | asked by: Patty Williams | share | 11 months ago | Report
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Heidi LeRoux-Confer
answer by Heidi LeRoux-Confer   
How do I connect with investors who buy homes to rent
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8 months ago  |   Report   |   share
Heidi LeRoux-Confer
answer by Heidi LeRoux-Confer   
I am looking for person who buys homes to rent. How do I go about finding this information
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8 months ago  |   Report   |   share
answer by Shelley Camacho    |   Visit My Website   |   Contact Me
I agree with Dan, I just wanted to add that most states (yours included) have wonderful programs for first time home buyers. You can google for this information Alabama housing Finance Authority (afha) and also google Alabama down payment assistance. I would then contact a mortgage lender that understands theses programs and can help guide you through the process. You may be surprised to find you may be able to buy instead of renting! Good Luck!
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10 months ago  |   Report   |   share
answer by Dan Tabit    |   Visit My Website   |   Contact Me
I wouldn't advise it. More often than not the renter/buyer ends up worse off than if they hadn't done it. When they are found, they want a large non-refundable deposit to "buy the option to purchase". Only a small portion of your rent applies to your down payment and if you don't complete the purchase with a mortgage by the predetermined date, you lose everything you put in. Most of the time you are better off renting the least expensive home you can stand to live in and apply all the savings and more to resolve the issues preventing you from buying. Save up your down payment, pay down other debts, fix your credit; whatever the issue is. Rent to own is more commonly a scam than a legitimate offer. Best of luck.
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11 months ago  |   Report   |   share
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