Rent-to-Own Stuff....

[Bryan P.]

Is it possible to take over another person's mortgage subject to YOU finding an end person looking to rent-to-own? Renting to own is not buying so I would assume you cannot do this. However, if you set up the contract of "rent to own and close after 2 years" is this considered "buying?"

When you take over another person's mortgage with the objective/goal of finding an end buyer renting-to-own for 2 years and closing on the property for the remainder of the balance, what are the risks for YOU? How do you minimize these risks?