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I am renting for almost 3k a month!!!

Posted on: Tue, 01/13/2009 - 18:34
I am renting for almost 3k a month!!!

Hi all!!! I have been renting for the last 8 yrs. for almost 3k month. Recently we moved into a single home in New York and the house belong's to someone I know, a friend. The rent agreement will be two years, 1 more year left. He recently offered to sell the house to us @ $575k which to me is kinda to much. What I know he bought the house in 2003 for $340k. With bad credit, what would be the best approach to own this property. 'Assume his loan may be??. Any help would be very much appreciated.

Thanks

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Posted on: Tue, 01/13/2009 - 18:40 #1
Sure...

If he would be agreeable to you just taking ovee his payments, that would be a great deal for you it sounds like.


Posted on: Wed, 01/14/2009 - 03:38 #2
Thanks

I believed so. I may have to pay an appraiser to checkout the MV. This would be a good start for me if it works. Am kinda new on this...but thanks to all the great stories on this website it really keeps me motivated.

Thanks WMARK1963.

"He will never live you nor forsake you".