Rent to own in Ohio

[Andrew Grimmett]

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 :)

[Austin McClain]

It sounds like it's worth it to hire an attorney for this to make sure you have everything in order. I know a few, let me know if you'd like me to introduce you 

[Matthew Crivelli]

Quote from @Austin McClain:

It sounds like it's worth it to hire an attorney for this to make sure you have everything in order. I know a few, let me know if you'd like me to introduce you 

An Attorney is who you need to talk to. They can draw up the contract the makes sense / protects you.

[Remington Lyman]

Quote from @Andrew Grimmett:

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 :)

I can provide you with a referral to an eviction attorney who is familiar with Ohio eviction laws.