Rent to Own Homes

  • Posts: 241

Replied by Lexie on topic Rent to Own Homes

If I am not mistaken, my son had a 5% rate on his rent to own modular. At any rate the man who owned the home owned several other pieces of property, went bankrupt and my son lost every penny he had paid on the house. Somewhere around $10,000. Do a thorough check on your mortgage holder before you venture into this.
6 years 10 months ago #16
  • Joker
  • Joker's Avatar Topic Author
  • Offline
  • Junior Member
  • Junior Member
  • Posts: 169

Rent to Own Homes was created by Joker

Does anyone here know what are acceptable interest percentage rates for an owner-financed home? I found one that might be a good investment and I can't get a loan from standard companies because it is a modified mobile home. Anyone have thoughts?
6 years 10 months ago #17