Don't be misled by the title of well-known real estate author Robert Irwin's latest book "Rent to Own." Just one chapter in the book is about renting a home with an option to purchase. The balance of this well-written book is about why owning is better than renting, and how to purchase a home with a minimal amount of cash. The book's one and only chapter about lease-options explains virtually all the pros and cons for both the home seller and buyer. However, as a reader I question how much actual lease-option experience the author has since he doesn't provide any personal examples. Also, he neglects to use any examples that would add to the practical usefulness of the material. Purchase Bob Bruss reports online. To illustrate, in his checklist of potential lease-option problems, Irwin suggests the buyer-tenant get a credit report on the home seller. As a longtime user of lease-options for more than 25 years, I would be shocked if any buyer asked for my seller's credit r...
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