Lease to Own vs. Buying a DuplexWe are interested in purchasing the duplex we live in and have "Good-Excellent" credit. We have a great relationship with the owners and they have expressed interest in us purchasing the home. They don't want to sell the home for 3 years but have presented a lease to own option that would involve us leasing the entire property and subletting the other side. We would pay a monthly amount based on a 20 year mortgage at 4.75% with a 3% down payment and be responsible for maintenance costs up to a negotiated amount (i.e. $1500). This would allow us to purchase the home at a fixed amount in 3 years. We would consider buying another duplex but most financing options require 20% down payment or FHA (up to $250/mo PMI) and we feel comfortable putting down up to 5%. We are having a hard to deciding whether to move forward with the lease to own and take on the responsibilities of a homeowner without the immediate benefits or continue looking for a single family home at a lower price point to take advantage of low interest rates and homeowner tax benefits.October 07 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.