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Homes on acreage with lease option, or rent to own gain popularity

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Equestrain Real Estate is popular in the Midwest.
Equestrian Real Estate is popular in the Midwest.
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One of the most frequent requests I receive is for homes on acreage; the problem is that most of the people looking for them are not in a position to purchase them. Ultimately we wind up trying to cobble something together that looks a bit more like a rent-to own than an actual purchase.

As an Accredited Equestrian Real Estate Professional I tend to get a lot of the equestrian lifestyle folks asking me to assist them with finding a home.

Years ago, you almost never found an owner finance or rent-to-own property that fit that description. Lately that trend seems to be changing, with the glut of real estate on the market many owners are seeking to find alternative means of selling their real estate.

Here is a list from the Heartland MLS of several such homes, they range in price from $70,000 to $1,900,000. These were all selected because they were listed in the MLS as having some alternative means of financing; either owner finance, lease option, private lending or some other form of alternative financing.

Homes on Acreage with alternative financing.

As I pointed out last week in predictions for real estate investment in 2010, owner finance and rent to own are the largest growing trend in investment real estate. Now that trend is moving to homes on acreage and other property types not normally thought of as investment property.

Comments

  • Roberta Baxter Eugene, OR. Dogs Examiner 4 years ago

    Well written, with up to date, easy to comprehend info. I attempted to rent to own a property in MT. and it was unsuccessful. I was the owner and finally sold it outright.