There are many different ways to view what a good rent-to-own (rto) property looks like! This week, Ryan goes over the main criteria of what to look for from a legal standpoint.
1. Make sure there is a properly drafted: purchase agreement, rental and tenancy agreement, and option to purchase agreement
2. A good credit check and screening process in place
3. A strong power team to help you → mortgage broker, insurance broker, real estate coach for guidance and experience and a good lawyer who understands what a rent-to-own is.
Please give us a call if you need help putting together your power team!
We are the REAL ESTATE INVESTOR LAWYER 👊
