Apologize for being OT. Rent w option to buy
Sorry, but I don't think there is a forum for my query. But I'm guessing there is some relevant collective wisdom on this forum.
Our former home is for sale. Homes in our market and category are not exactly selling quickly right now. We are open to renting, in part because we don't have a mortgage and the opportunity cost of our capital is low (we invest very conservatively and earn less than 3% on most of our portfolio). I will investigate the tax issues. We would not be renting because we expect prices to "recover", just to be clear. But I also do not see a lot of downside in this particular case at this particular time.
But I was wondering if anyone has experience with either side of a rent w/ option to buy deal, and what their thoughts are?
Thanks in advance, as always!