A rental-to-own contract is when your rent property having a-year otherwise one or two and get a contract toward holder you have a tendency to find the assets once that time is upwards. This can be a great alternative if you wish to go into an aggressive people but never provides an enormous down-payment.

With a rent-to-very own arrangement, the owner often booked a fraction of your book fee inside your down payment. Particularly, you could potentially pay $step 1,2 hundred from inside the book and pay the landlord $step one,five-hundred to set aside $3 hundred per month. After 2 years, you’ll keeps repaid $seven,2 hundred into the the house.

Be sure to manage a dependable real estate agent and lawyer so you can draft a rental-to-individual agreement. These records will be difficult to carry out in a way that handles the buyer and you may vendor. Continua a leggere