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In this tutorial, the speaker discusses rent-to-own agreements and highlights several potential pitfalls. As a lender, the speaker advises against entering into such agreements, often presented as a solution for those with poor credit. Although it may seem appealing—allowing rent payments to contribute toward a down payment—there are many ways these arrangements can go awry. The speaker warns of fraud and schemes in rent-to-own setups, emphasizing the importance of ensuring legitimacy in sellers. Additionally, for the payments to count toward a down payment, specific conditions must be met. Overall, caution is advised when considering rent-to-own options.
