Thread: rent to own
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Old 06-05-2007   #5
EclipseGST
 
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Re: rent to own

Yes... It can be good and it can be bad.

The thing that sucks about it is, there is no credit involved and if you stop paying or screw up the contract, he gets the house back.

There was a guy that did this in my town, he bought a house/shop and put an Exhaust Pro's in the shop, well he got the whole place for $80k - 10 years ago. Last year he went bankrupt because he did to many drugs and the guy got the house/shop back and is now selling it for $270k.
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