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Updated over 5 years ago on . Most recent reply
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Rent to own marketing
All- as market is now high I think is a great time for rent to own: stable tenant that pay a premium...
I did a 2 rent to own in the past year but regretted it because I am now forced to sell at a pre-agreed price that is much lower than market because market went up so much... I enjoyed stable tenants aging premium and taking care of the property, I am happy that they are able to get a home, but I could not take advantage of the market appreciation (gentrification doubled the value)
I found the tenants rent to own by chance.
Is there anyone out there with experience of finding rent to own tenants?
Tipical rent advertising with a note that I do rent to own gives me only tenants prospects.. I tried listing it saying rent to own, butam only getting buyers
Most Popular Reply
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I have always heard it is a 75% rate of taking the property back. It is not so easy in Texas to do rent to own. We do a lease with first right of refusal to buy. Granted you are not getting a tenant / buyer mindset but you could also as you said be losing out a lot of potential revenue on sales