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galinapeele, Other/Just Looking in Chicago, IL

how can i rent to own with section 8?

Asked by galinapeele, Chicago, IL Sun Feb 17, 2013

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Wayne & Patty Odenbrett’s answer
Rent to own is tricky under any circumstances.
There are lots of pitfalls.
Enter into such an agreement with care.

In the case of Section 8, a portion of the money is provided by the government due to need.
With that in mind, will you qualify for a mortgage down the road?

Also, check with your section 8 representative.
There may be restrctions on such an agreement
0 votes Thank Flag Link Mon Feb 18, 2013
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