Rent to own.

Anyone have experience with these?

If so, pros and cons?

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Becoming more common. Frankly with crazy interest rates, not a bad potential option. There really isn’t much Downside - with the caveat you’re in a high growth area. You can lock in but price at a lower price than appreciation and buy when ready.

Potential downside is your cash does get locked up if you choose to not buy. Each of these companies tend to have different terms so specifics may vary. Just read what you’re signing.

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Appreciate this.

I’m house hunting and with the current rates, I simply don’t want to empty out everything and then be house poor. I’m definitely looking no where close to what I qualify for but still want to have a decent cushion upon moving in.

The rent to own does seem like an okay option as well but it’s only just building in popularity where I live so wondered if anyone had experience or know someone who did it. Thanks so much for your insight!

pros: own

cons: rent

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