Posted by Brent_IL on August 22, 2003 at 18:51:39:
Prices are relative. If $250,000 houses rent for $3,000 a month it’s a good idea. If the $250K house?s rent is $1,000, it’s not so great.
It’s the seller financing that is the main benefit of rent-to-own. You have no competition from new construction because almost no L/O’r can get bank financing.
I look to the equity in the property more than at the age of the building.