# Rent to own?

**URL:** <https://forums.speedlife.net/t/rent-to-own/71996>\
**Category:** NYSpeed Off Topic\
**Created:** [August 11, 2009, 1:18pm UTC](https://forums.speedlife.net/t/rent-to-own/71996 "2009-08-11T13:18:12Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![Freek](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/freek/32/7357_2.png) [@Freek](https://forums.speedlife.net/u/Freek)\
**Post date:** [August 11, 2009, 1:18pm UTC](https://forums.speedlife.net/t/rent-to-own/71996/1 "2009-08-11T13:18:12Z")

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Circumstances are forcing me to relocate sooner rather than later. I was looking at picking up a house next year if everything goes as planned.

As of right now I’m forced to look into a new appt but I am considering rent to own. My real question is who knows anything about it?

Is it a horrible idea?  
Where do i find listings for them?  
Where should I even start looking to find more information?  
Has anyone done this?  
What are your experiences with it?

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**Author:** ![Freek](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/freek/32/7357_2.png) [@Freek](https://forums.speedlife.net/u/Freek)\
**Post date:** [August 12, 2009, 8:52am UTC](https://forums.speedlife.net/t/rent-to-own/71996/2 "2009-08-12T08:52:27Z")

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Bump for the day crew. Someone has to know something.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [August 12, 2009, 8:58am UTC](https://forums.speedlife.net/t/rent-to-own/71996/3 "2009-08-12T08:58:40Z")

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What about a SONYMA type loan where you don’t really have to put anything down? Your $8000 rebate should cover closing costs and payments on a 30 year usually arent much more than a comparable rental, even if you have to pay PMI for a year or two. You might even make out better locking in at today’s interest rates even if you have to borrow more, since it’s nearly unanimous that they’ll be higher a year from now.

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [August 12, 2009, 9:00am UTC](https://forums.speedlife.net/t/rent-to-own/71996/4 "2009-08-12T09:00:01Z")

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> **[How Rent-to-own Homes Work](https://home.howstuffworks.com/real-estate/buying-home/rent-to-own-homes2.htm)**
>
> There are many advantages and disadvantages of rent-to-own homes. Learn about the advantages and disadvantages of rent-to-own homes at HowStuffWorks.

I know nothing. Doesn’t sound real good reading that though.

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**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [August 12, 2009, 9:30am UTC](https://forums.speedlife.net/t/rent-to-own/71996/5 "2009-08-12T09:30:39Z")

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rent to own is pretty much a scam unless you can pay the same as you would just to rent the place.

if you’re not going to live in a house for 5 years, don’t buy one.

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**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\
**Post date:** [August 12, 2009, 3:27pm UTC](https://forums.speedlife.net/t/rent-to-own/71996/6 "2009-08-12T15:27:36Z")

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rent to own is a horrible idea… nothing protects you, and chances are you arent going to stay there long enough to OWN it…

so you will end up leaving and loosing all of your “equity”