Rent to Own – Part 1

Home prices are down, sellers are motivated, deals seem to be everywhere, but you are not a cash buyer, and your credit has been knocked down like many who have been struggling and overburdened with debt over the last several years.  Purchasing a home outright is not a viable option, and most likely the home you are looking at is encumbered by a mortgage, so simple seller financing is not an option.  Other structures such as a wraparound mortgage, and creative structuring through the use of trusts and other vehicles (both of which I will get into in a later post) might work, but you need something simple to get the deal done. Continue reading “Rent to Own – Part 1”

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