A land contract provides a rent-to-own structure which enables someone to purchase real estate with little to no cash down payment. Called contracts for deed or land installment contracts in some states, land contracts require the buyer to make monthly payments towards purchase of the real estate to the seller. Part of each month’s payments
Could ‘rent-to-own’ be a solution to the rental crisis?
January 18, 2016 by
Skyrocketing rents all over the country mean that some renters are paying out more than half their paychecks to cover the rent. The so-called “rental crisis” is being blamed as a major factor prevent people from saving up a deposit in order to buy a home.
