"Renting to own is also a way to get into a desired neighborhood in a timely matter, as with parents who need to be in school district for their kids, or people who are uncertain of their timeline, according to San Francisco real estate professional Herman Chan. "It's a way to get into a house without committing to a 30 year mortgage," he said."
I've blogged a bit about 'Rent To Own' (especially about Bravo TV Housewives Kim Zolciak & Adrienne Maloof). Glad CNBC asked me to weigh in on this phenomenon for their article Rent to Own Homes: an Option to Consider? Generally speaking, I dont' think it a great option but sometimes it can be a last resort for certain people desperate to get into a certain area. What do you think, guys? Pros/cons?
Had a ball making appearances on both coasts as one of Instinct Magazine's Leading Men of 2011 with some LGBTQ glitterati Mike Ruiz (A-List), Reichen (Amazing Race), Darryl Stephens (Noah's Arc), etc. More pix here: New York Bash & Hollywood Bash. How many celebs can you spot? I'm horrible with faces and names so I dare not try to ID anyone. Some people mistook me for Lloyd from Entourage or Alec Mapa?! (I suppose to some folks, we all look alike! Groan...)