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Like most financial decisions, there are pros and cons associated with rent-to-own programs. On the downside, you usually pay 2-3 times more in the long run. So it is often much better to buy outright. And if you cannot, keep in mind the extra money you are spending to rent to own. It is like leasing a car then buying it.
The advantages of rent-to-own programs are immediate occupancy (if home related) and easy qualification.
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Is getting a rent-to-own home a good idea?
It is a good idea if your credit is weak and you would be unable to get a conventional mortgage to purchase a home. The plus side of rent to own is that it will allow you to build credit and equity and a part of your rent money goes towards the down paymen.
Where can I find good rent to own home in boston?
one place to look is www.irenttoown.com/rent-to-own-boston-rent-to-own-homes
How can you find rent to own home programs in your area?
You can check your local yellow pages or phone book for local realtors, housing authorities, or companies which specialize in rent-to-own housing. Another good resource is the real estate pages or accommodation ads in your local newspaper.
Where can one start a business career?
One can start by buying a franchise, like a restaurant or a retail store. Or, if one has an idea or good product, they can start their own business either at home or in a location one can buy or rent.
Who do I talk to about rent to own homes?
Your best bet for rent-to-own homes is talking to homeowners who are selling. Even those who are not advertising rent-to-own may agree to it if you ask them. If they are having a hard time finding a renter, and are also trying to sell the home, they will most likely be willing to do rent-to-own.
