Re: The High Cost Of Rent-To-Own
The only person I know that did that, paid a larger rent each month. Let's say the regular rent was $600 and they paid $800 each month. That extra $200 went into a fund to be used as a down payment. When they got enough down payment, the owners then held the mortgage on the property. I have never heard of anyone being sucessful at that, they usually wind up losing that extra money.
This was a while back so thing may have changed.
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