how can i rent to own with section 8?

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

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Wayne Odenbrett’s answer
Wayne Odenbr…, Agent, Mountain Lakes, NJ
Mon Feb 18, 2013
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
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