Rent vs Buy in 22304>Question Details

Jf1234, Other/Just Looking in Ventura County, CA

ok im looking to rent an apartment,house,townhome,etc. however my credit is bad due to one credit card, when

Asked by Jf1234, Ventura County, CA Tue Apr 28, 2009

it says rent to buy. does that mean i HAVE to take over the payments all the way? or can i rent for 6-12 months and move out?
pleasse help i need answers..

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Rent to buy could mean a lot of different things - be careful if you are negotiating one of these - the small print can destroy you.

As far as the bad credit, let me suggest you go to Craigs list - and look for private owners advertising there that do not have agents representing them. Agents will advise them on carefully screening. Since private landlords are the most at risk if you don't pay, they should be looking for only the best tenants - but the landlords without agents may be easier for you to convince than those that have agents advising them.

Also, apartment communities sometimes have more flexibility with credit restrictions depending on their occupancy -- that is because they are professionals and one missed payment from you will not typically send them to financial ruin (unlike private landlords who may not be able to pay their mortgage or buy food if you don't pay your rent); PLUS the property managers know their way through the legal system and can efficiently evict you and go after judgement and wage garnishments or other remedies - for them, it's all in a days work - so they can take more risks than a private homeowner.
1 vote Thank Flag Link Thu Apr 30, 2009
I would highly recommend researching some professional help with your credit. Also, a lot of apartment communities in the area are more flexible with the recent recession.
0 votes Thank Flag Link Sun Sep 11, 2011
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