Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

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MNGophers29MNGophers29
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Slap Shot wrote:


Apologies if this has already been a topic, but does anyone have experience with owning a home and renting it out as a, “rent to own” agreement? How does it work, do you recommend it, pros, cons, etc? We honestly don’t really want to sell our house, but owning property half a world away sometimes has it’s problems. :(

Thanks


Contract for Deed is what it is called and rather than me blab about it, this describes the pros and cons pretty well.

https://www.minneapolisfed.org/publications/community-dividend/risks-and-realities-of-the-contract-for-deed” class=”bbcode_url”>https://www.minneapolisfed.org/publications/community-dividend/risks-and-realities-of-the-contract-for-deed