Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.
This property comes with incredible choices. Keep as a commercial rental, or convert to residential use. The one side can be 2 residences or one larger one. Many rooms and zoning allow for custom configuration as mixed used commercial and residential. This is a SUPER Buy. The seller may very well carry paper. There is a possibility to do a lease option.
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