Rent-to-Own? What does that mean? Is it a good deal for the would-be homesteader who is interesting in buying land but doesn’t have a down payment?
Recently I received a comment from a reader who mentioned that he got the land for his homestead by using the rent-to-own option. Intrigued, I asked if I could interview him so he could let the rest of you readers learn how to do this.
Thanks for agreeing to this interview, Carl. Your comment started a lot of questions from homesteaders who are struggling to save a down payment for their land. Tell us a little bit about yourself.
I got married about fourteen years ago and my wife and I both were interested in moving out to the country and making a living out of the land. The only problem was, we were flat broke. Both of us had good jobs. Rose, my wife, worked in a Child Care Center and I worked in construction as a drywall specialist.
Our pay was decent but it seemed to take everything we made just to pay the bills. We would dream about someday having enough to start our homestead but that’s all it was,… Continue reading