Rent To Own Real Estate In – What If I Have Bad Credit Or No Credit?

Looking for rent-to-own real estate in ?

The good news is – with rent-to-own, you can still live in a great, permanent home even if you have bad credit or no credit.

Rent to own real estate in is quickly becoming a popular way to get into the house of your dreams even if your credit isn’t perfect right now. We’ll show you how it works in this blog post…

Renting and owning are the two most common methods of acquiring accommodation: With renting, you pay (usually monthly) and it’s short term… you don’t actually OWN anything. With owning, you pay back a mortgage loan and it’s long term… you actually OWN your house. There are advantages to both, and disadvantages too.

There’s a third option, which is great for people with bad credit or no credit: If you’re renting right now and want to own your own home, you might feel that you are prohibited because of your credit but rent to own real estate in CT is the solution.

By renting to own, you move into a house, pay rent for a period of time, and then purchase that house at the end of the rental period.

Have questions about rent to own real estate in ? We can help. Click here to fill out the form or give us a call at 800-523-4204

Here’s How To Rent To Own in (Even With Bad Credit)

By renting the house first, you get into your permanent dwelling in a credit-friendly way. Sometimes (depending on the situation), some of your rental payment may go toward the down payment or some other benefit – this varies from one property owner to the next.

While you rent, you have time to work on your credit: you’ve got a permanent address and you can work toward improving your credit.

As the rental agreement draws near the end, you use your good credit to apply for a mortgage from a bank, and then you own the house.

The details may vary from one property owner to the next but these are the general concepts involved with rent to own real estate in .

There are really great benefits to you: You get into your permanent “dream home” sooner, even though you may not have the credit or down payment right away. And then you have a permanent address that you can use to help you improve your credit, with enough time to really turn your credit around and get a bank loan.

If you’re renting right now and want to own your home someday, rent to own might be the right choice for you.

Want to see what we have available for rent to own real estate in ? Click here to fill out the form or call us at 800-523-4204

About Jeffrey

Mr. Weiller has some 35 years of experience in the real estate and capital business which includes 100s of residential real estate investment deals putting deserving American families left behind by the mortgage crisis on a path to home ownership. Other experience includes secured financing deals ranging in size to $100 million, investment property sales, landlord representation, and tenant representation. Prior to forming NYCL. Up until the tragic events of September 11th, 2001, specialized in the World Trade Center submarket of New YorkCity and worked in the smoking aftermath helping surviving businesses relocate. Previously was business partner with one of the top dealmakers/leasing brokers in the country. Together completed many major transactions including: the sale of the Colgate Development Site in Jersey City, NJ, with 6 million square feet of development rights to Hartz Mountain/Leonard Stern, two 1 million sq. ft. leases with Prudential Securities and Paine Webber Securities for which entire office buildings were built and rebuilt around, the sale of 100,000 sq. ft. of air rights on Broadway to the Related Companies and represented VNU and Thomson Reuters Publishing, both major publishing companies, nationally in their multi-million square foot portfolios of real estate and has had daily dealings with major Manhattan and nationwide property owners and completed many tax lien foreclosures in New Jersey for his own account.

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