Work only with legitimate business and demand references

Discussion: One of the most important concepts you should take away from this document is that you are empowered to move your financial future in a positive direction. The rent to own industry preys on desperate and gullible people. It's especially important to ensure that you are dealing with a legitimate business when you enter into a rent to own contract. Do your research with the Better Business Bureau. Ask them for references. Any legitimate business will offer references. If they do not have references, I urge you not to do business with them. Certainly a builder has other people living in other homes or condo units. Ask for their names or simply knock on the door. It’s especially important to speak with owners in a new development as often times they do not meet their obligations. It’s better to know sooner than later! If you are buying a rent to own property from someone who does rent to own contracts as his primary business ask them how many people they have helped? Then get their names and call them. Who are their bankers? How long have they been in business; is their company in good standing with state and local governments? Ask them if they are incorporated and if so, you may check whether or not their corporation is in good standing with the secretary of state.