Rent To Own MN

Homes For Rent By Owner In Lino Lakes – Rent-To-Own Step-By-Step

Learn more about homes for rent by owner in Lino Lakes

… And discover whether renting-to-own the right step for you. Find out how it works here…

If you’re looking into homes for rent by owner in Lino Lakes, you’re probably thinking about renting… but have you thought about renting to OWN? In this blog post, we’ll share the step-by-step method to walk you through how it all works so you can decide if it’s right for you…

If you’re thinking about renting a home, you’re likely focused on finding a place to rent that you can call your own… but often, renters would love to move up from a rental property into a home that they own, they just might not be able to afford it.

That’s where rent-to-own comes in. With renting, you pay for a place to live for as long as your rental agreement lasts. But with rent to own, you rent a home for a while and then you buy it out-right so that you own it… and you can even do this with bad credit!

Let’s start with the benefits of why renters love it…

1. You can get into a house even if you have bad credit
2. You don’t need a huge down payment
3. You can live in your permanent dream home sooner, even if you can’t afford to buy it just yet

It’s no wonder why people love rent to own!

If you want to learn more about whether rent to own is right for you, click here and fill out the form to talk to one of our experts, or call us on at 612-840-6507

Here’s How It Works To Get Into Homes For Rent By Owner In Lino Lakes On A Rent-To-Own Basis

First, find homes for rent by owner in Lino Lakes.

Second, inquire about whether any of their houses are rent to own.

Third, review the available homes and choose one that you’d like to buy someday.

Fourth, sign the agreement, which means you’ll rent the house for a period of time (often a couple of years) with the purpose of buying it later.

Fifth, work on your credit score to improve your credit during that time.

Sixth, when your rental agreement draws to a close, use your improved credit score to apply for a mortgage from a bank and then purchase the house from the owner.

Yes, it really is that simple and it’s a great way for renters to become home owners.

Want to see what we have available in terms of homes for rent by owner in Lino Lakes that are available on a rent-to-own basis? Click here to get in touch (just fill out the form) or call us at 612-840-6507

Things To Look For When Renting To Own A Home In Lino Lakes MN

Renting to own a home in Lino Lakes, or any city for that matter, isn’t a new concept… but the whole process of “renting to own a house” is a process that most people have questions about.

Well, you’re in the right place!

This article will walk you through what to look for if you’re looking for Lino Lakes rent to own houses.

1. Find The House You Want To Live In Long-Term… Not Just Rent

A lot of people who are deciding whether they should just rent or “rent to own” look at the whole rent to own / lease option process in the wrong way. Don’t look at it like you’re looking for a house to rent for a little bit.  Of course, you should find a house that is one you’d love to live in for a longer period of time (no less than 5 years).


Because with rental houses, you know it’s a temporary thing… so you’ll settle for a house that is less than ideal.

But since you’re really looking to get a house to live in for years and years with a rent to own… it should be one that you can see your family in for years.

Yes, you’re renting a “rent to own” house… but you should choose a house you’d be glad to live in for years just in case you do exercise the purchase option at the end of the lease term.

2. Terms That Fit Your Goals And Needs as A Lino Lakes Home Seeker

Not all rent to own houses in Lino Lakes have the same contract that goes with them. So make sure to find out the terms of the rental agreement and the terms of the purchase option as well.  Usually the monthly rent tends to be a bit higher with a rent to own agreement vs. a normal rental agreement… because you’re basically paying a premium for the ability to potentially purchase that house at a pre-determined price in the future. There’s a lot of value in that.

But with rent to own agreements you should also have some flexibility that protects you. Make sure there are no fees for not exercising the purchase option at the end of the agreement.

Also clarify with the owner of the house on who will pay for things during the rental term like…

  • Maintenance
  • Lawn care
  • Insurance
  • Repairs
  • Upgrades inside the house (new appliances, paint, etc.)

Get it all in writing who’s in charge of these kinds of things during the rental term.

3. The Value Of The Home – The Value Going Up?

One of the big benefits of a Lino Lakes rent to own home is the ability to lock in a home at a set price well in advance of you having to purchase it.

With a rent to own house contract, you agree on a monthly rental rate… a term of that rental (usually 12-24 months)… and a purchase price at a future date.

Because of this the purchase price usually doesn’t come at a discount for you… but, if you buy in the right Lino Lakes MN neighborhood (one that is increasing in value)… you could be earning instant equity if you decide to purchase the home at the end of your rental term.

See Our Current Lino Lakes Rent
To Own Homes Below!

If you still have questions about the rent to own process just call us anytime at 612-840-6507.

And if you want to be put on our local Lino Lakes Rent To Own Home List click the link below to see what’s available.

See Local Lino Lakes Rent To Own Homes >>

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