What do you think about rent to own?

I personally don’t like rent-to-own. For example, your rent is $3,000 and the person says, ‘Hey, let’s do $5,000 a month and your $2,000 extra month will go towards your down payment.

Problem with rent to own is let’s just say you miss it by one day, two days, five days, any of that $2,000 extra that you gave for however many months, years, etc. You have lost. A lot of people that do rent-to-own actually purposely want you to default on it and so forth.

Basically they just got extra rent for all that time, which is really unfortunate and it’s going to be really hard to get ahead of that problem.