firstname.lastname@example.org, there are 3 uniits , I live in the top floor, and have it on the market to rent for 2300 a month, have 2 other units one is getting 1800 and the other 900 a month.
I'm based and live in North Center and would be glad to look into rent to own properties. Can you tell me what kind of home you are looking for (condo, single family, number of bedrooms/bathrooms, expected monthly rent, etc...) and what your time frame to exercise an option to purchase is?
The short answer is yes.
The bigger questions are:
what type of property are you looking for?
why are you considering rent to own right now?
are you ready to provide a prospective landlord/seller complete financial information and proof of income?
what is your time line for a purchase in this situation?
Our office is right there, and we'd be glad to spend a few minutes going over the process for determining if this is the best thing for you to pursue right now.
Americorp Real Estate
Brokers Associate, e-PRO
If you cannot qualify to get a mortgage just find a rental. When you are ready to buy then go and buy. This market is not likely to change much in the next 12-18 months so prices should still be very decent when you are ready. Interest rates may be somewhat higher, but you cannot lock in an interest rate now on a rent to own so there is no advantage to it.