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Apr 22, 2024
4:18
:46
pm
mobicurious
Truly Addicted User
I would not do that - just do an owner financed mortgage
With clauses in the finance contract that allow the owner to take possession just as a mortgage lender would.
I am not a lawyer but have seen a lot of lease to own situations go wrong.
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mobicurious
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mobicurious
Joined
Sep 11, 2021
Last login
May 3, 2024
Total posts
2,203 (8 FO)
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Messages
Author
Time
Lease to Own Advice
bdizzle
Apr 22, 4:14pm
I would not do that - just do an owner financed mortgage
mobicurious
Apr 22, 4:18pm
Yeah the problem is the payment would be too high on a seller financed deal.
bdizzle
Apr 22, 4:30pm
<< Deleted >>
mkg
Apr 22, 4:41pm
You can do lower interest to get your payment lower.
YbeatsU
Apr 22, 4:55pm
What is it with 0% interest? Not kidding, plenty do 0%
Cougarclaw
Apr 22, 5:04pm
The other constraint you’re giving yourself is term. Don’t do that.
Cougarclaw
Apr 22, 5:08pm
Do owner financing…they only pay taxes when they get the money…
Iman23
Apr 22, 4:28pm
$300 is not enough clearance to cover expenses
Saregreat
Apr 22, 4:31pm
I would manage the property myself. I have a bit of property management
bdizzle
Apr 22, 4:38pm
It's so easy to Rent To Own, call 532-2002.
benny1982
Apr 22, 4:32pm
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