Rent to own home???!!!!

[Anonymous]

Has anyone done this for their house? Do you recommend it? Im thinking about using my tax money to do this.

[Diamepphyre]

 If you're absolutely sure that you'll be able to keep up with the payments, it could be a good investment.  But make sure that you can also handle maintenance, taxes, etc. on top of the payments, as may rent-to-own contracts require those things be paid by the person buying the property.  Good luck.

[godsgirl26]

Never.

[Alison_C]

We're currently doing that and haven't had any problems

[Anonymous - Original Poster]

Thank you

Quoting Diamepphyre:

 If you're absolutely sure that you'll be able to keep up with the payments, it could be a good investment.  But make sure that you can also handle maintenance, taxes, etc. on top of the payments, as may rent-to-own contracts require those things be paid by the person buying the property.  Good luck.

[Anonymous - Original Poster]

What state

Quoting Alison_C:

We're currently doing that and haven't had any problems

[lovinglife0682]

I would not do it. You lock yourself in on a price. If the value of the house goes down than you are buying a home you are already upside down on.

[Grumpylilpixy]

We have done it. Do ur homework sometimes they want you to take over their trash. And sometimes it is because they can't pass inspection. So do your homework. Also it is best to use a closing company. It cost about 500-1grand but you would sign papers just like you would if you were buying from a bank. Also know how much you are paying over. Sometimes they ask for more then its worth. Way over.

[melakay1981]

My mom and dad did it to buy thier fisrt home and they had no regrets.  As long as you get everything done legally where no one can get screwed I think it is a good idea.

[Anonymous - Original Poster]

Thank you.

Quoting melakay1981:

My mom and dad did it to buy thier fisrt home and they had no regrets.  As long as you get everything done legally where no one can get screwed I think it is a good idea.

[Anonymous - Original Poster]

Yea im gonna speak to people and research it before I make any final decisions

Quoting Grumpylilpixy:

We have done it. Do ur homework sometimes they want you to take over their trash. And sometimes it is because they can't pass inspection. So do your homework. Also it is best to use a closing company. It cost about 500-1grand but you would sign papers just like you would if you were buying from a bank. Also know how much you are paying over. Sometimes they ask for more then its worth. Way over.