Rent to Own for Investors
Several years ago, I owned a couple of properties on a sought-after street in Georgetown, DC. When I put one of them on the market, I was presented with a lease to own proposal. It came from a nice, young couple who wanted the property but didn't have the down payment needed to qualify for a mortgage. They were professionals working at the IMF and World Bank and asked me to consider a lease option scenario, believing they'd have the needed funds in about two years. Their