Go directly to the current owners for rent to own. Hot tip!!! New Construction may be available as Rent to Own

Discussion: The biggest problem with rent to own is that most often, a real estate investor has a small selection of properties available for rent to own. These properties are almost exclusively acquired by taking someone out of foreclosure. At this time, sellers are becoming more and more anxious to sell their properties. Most people have other places to move and cannot afford two mortgages. Again, while it is not easy, you can take control of your own destiny and offer a seller to do a rent to own on their property, thus avoiding the middle man real estate investor. How would that work? Let’s say you cannot secure your own mortgage. You could approach a seller directly and offer to rent the property with an option to buy. Many developers have over extended themselves. They may be happy to relieve themselves of a monthly payment in exchange for a “contract” to sell that same property at a future date. This is not easy to find, but it’s safer and more satisfying than doing a rent to own involving a foreclosure.