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Updated over 8 years ago,

Account Closed
  • Lender
  • Pasadena, CA
2
Votes |
16
Posts

Renter wants to rent/lease to own my property

Account Closed
  • Lender
  • Pasadena, CA
Posted

My renter for my property in AZ wants to rent/lease to own my property. Is there a way to do this easily? She does not have great credit, hence the rent to own. It is a newer property and the only way it makes sense for me to get my cash and return back, as well as getting her the property with a low interest mortgage is to have her assume the loan after a few years. Is there a way to set something like this up? I was thinking in order to make it worth our whiles, set up a 3 year lease term with double rent and at the end of the 3 years turn the title and mortgage over to her. Is something like this possible? The three years and double rent would basically buyout my equity and continue the mortgage payments. Please let me know if you have any suggestions or ideas. Thank you!

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