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Updated 5 months ago,
Rent to own in Ohio
Hey there everyone!
Super rookie here so be gentle...I am exploring the option for a possible rent-to-own situation. I have a property that I have rehabbed that is in a D level area that I would want to off load after a time anyways and was wanting to know how everyone goes about doing this.
Do you have a contract that says something like "you rent from me for 3 years and then pay 100k over remaining balance of my mortgage"?
Are there many pitfalls/cons for them?
is it harder to evict for non-payment of rent under this in Ohio?
I really am only holding the property until I'll get enough capital plus equity to upgrade to a better duplex in the future. Any advice would be helpful :)