Yes, there are many answers.
The first question is:
#1. Do you want to be a homeonwer?
Answer: Nobody ever becomes a homeowner as the result of a lease/option (LO) or rent to own.(RTO)
#2. Do you want to be a lifetime renter?
Answer: Entering into LO or RTO assure you will NEVER save sufficient money for a downpayment on a home. You will be a renter.
#3. But my credit is crap, I've got no job, no money saved and my dog ran away! How can I buy a home?
Answer: There are no shortcuts. Those seeking to circumvent the safeguards in place to PROTECT them will become victims. DON"T DO IT!
Establish a budget and live within it.
The budget must include:
-paying bills on time
- saving moneyh
Now is a good time to investigatte improving your income or job skills.
If you are willing to make yourself a qualified home buyer, there are resouces available.
Yes, often, for folks just like you, who are willing to demonstrate their commitment, situations can be created that will solve your problem. This willl require working with a multi-dimensional real estate professional, and following the instructions they provide.
Sorry, there are no shortcuts.
Best of success,
Annnette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
You have a choice
PS: you may want to dig into my Trulia blogs and find the one about Lease/options. That should shed light on what you are really going to get into if you continue down the lease/purchase path.