Friday, June 26, 2015

What would be our easiest and most realistic option to get into a house, rent to own, loan or?


The housing market for renters is horrible where I live. There are little to no houses on the rental market. The ones there are, are way overpriced and the only people that are approved for them have spotless credit. We desperately want to move into a house and settle down for a long time. The apartment we are living in raises the rent every 6 months, and our wages aren't keeping up. So, to get to the point, we are thinking of either trying to buy or renting to own but aren't sure if it's even possible. We are extremely uneducated in the world of real estate. We don't have great credit, I'm a stay at home mom, and he makes just enough money so that we don't go hungry. But we do pay our rent. I've seen some cheap houses come up at auction but can you finance those easily? How does renting to own work? Would that even work for us? Are there rich people out there that would buy a house for me and let me do the work and pay their mortgage. Oh yeah I forgot to mention, we're both really resourceful people (usually haha).

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