Rent to own & rent credit question

[Steven Hill]

If i want to rent a house to a tenant and after a certain amount of time consider the house bought and quitclaim the deed to them, can i do that?  Without ever owner financing technically.  What kind of contract would be required that would protect both me and the tenant/buyer?  Thanks 

[Dennis M.]

You really need to learn this method correctly because Dodd frank and landlord tenant act watch over this heavily . There are ways to do it right and it can be very profitable . Don’t count on actually selling the house because only 5% actually buy it and close ! Rent credits are not good to use . Some of what’s agreed on must remain verbal and not in print .It’s a powerful tool to build wealth but you gotta do it right or you’ll be getting in hot water .you need two separate agreements and you must be careful on how those are written ! You don’t want a judge looking at this as a disguised installment sale.