Actually a mortgage is effectively "rent to own" ... from the bank. The bank in fact collects the title deed at settlement and gives it back to you when you pay out the mortgage.
So rent to own is a misnomer. Its just a "change the name on the title at the end".
ANd make sure to add in all the costs of this deal. when do you start having to pay
* insurance of the structure..
* council and water rates
* strata fees
* how is the rent set ? is it only fixed for X years ?
Rent to own, is great for both sellers, buyers and investors. Just make sure it is all put in writing and checked by a notary or lawyer.
GillesLacroixDM 10 months ago
very nice video
avenaircabins 4 years ago
Actually a mortgage is effectively "rent to own" ... from the bank. The bank in fact collects the title deed at settlement and gives it back to you when you pay out the mortgage.
So rent to own is a misnomer. Its just a "change the name on the title at the end".
ANd make sure to add in all the costs of this deal. when do you start having to pay
* insurance of the structure..
* council and water rates
* strata fees
* how is the rent set ? is it only fixed for X years ?
isilder 4 years ago