From: "JSC Rent To Own Homes" 
Newsgroups: alt.invest.real-estate realtynet.invest alt.real-estate-agents alt.real-estate-agents misc.invest.real-estate
Subject: Re: Rent To Own Homes Explained
Date: 27 May 2006 11:57:24 -0700
   posting-account=ie1qqQ0AAADAlbE6JKo4M6bX65Yzg4xz


Phonedude wrote:
> "Don"  wrote in message
> news:GzOdg.35665$Qq.350@clgrps12...
> > "John Mianowski"  wrote in message
> > news:1148689926.236235.131640@g10g2000cwb.googlegroups.com...
> >
> >> I've got better than that.  I've got a Nigerian prince that's sending
> >> me $600,000 any day now...
> >
> > Let me guess. You bought a rent-to-own house in Nigeria and sold it at a
> > profit.
>
> No, that's just for the option. (Which, by the way, is non-refundable and
> does *not* apply to the purchase price in many cases.)
>
> PD

I'm glad you guys explained how so many Nigerians got so wealthy.

Hey PD, if the option consideration does not apply toward the purchase
price of the house, then the prospective tenant/buyer ought to move on.
Applying 100% of the option consideration toward the purchase price is,
imo, at the heart of a FAIR RTO deal.