“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.
No, you pay off their mortgage in exchange for not being homeless. All renting should be rent to buy. No renting without equity in exchange.
“Rent to buy” already has a name. It’s called a mortgage and you get it from the bank. As a bonus, you get to do all of your own maintenance and take all of the risk. It’s awesome.
The downside is all these greedy landlords make the prices outrageous so nobody can get a deposit on a house. It’s easy when you already own one house because you can use it as collateral and also your tenants will pay off your mortgage.