This should probably go in another thread but for some reason this is the only one that I can get into today.I've posted before about wanting desperately to buy a home.I think I came across somrting that might make my dream a reality.A friend of mine has a sister that is selling her house,actually she sold it"rent to own" once but the guy hasn't made a payment for about 4 months so she is kicking him out.It's close to where I live now so my son wouldn't have to change schools.It's smaller than what we rent now,we have 4 bedrooms and 2 big livingrooms,this house has 3 bedrooms and I don't know what else but it's small from the outside.My mother lives with us so she would have to approve it to.The back yard is fenced in so my sons "BIG" dog could run around instead of being chained up.The house is so cute.I've never done anything like this before.The payments would be 400 a month,we pay 350 now.But eventually it would belong to me and my soninstead of paying rent to own nothing.She said the payments were for about 16 years.Does this sound like a good idea? Where we live now the wiring and plumbing are shot and the landlord fixes nothing.The electric runs 250-300 a monthand we don't even use the heat because it runs about the same as the rent and electric.I think we would come out ahead with smaller utilities to pay even though the rent would be 50 more.The family there now will be out in 2 weeks and I can look at it then.How does this sound to everyone else? I'm afraid that I want it so much I might end up in worse shape than I am in now,I would make the payments to her lawyer and she would have him draw up papers.If anyone has experience with rent to own or just an opinion,I am in desperate need of advice. Thanks,and cross your fingers for me. Trish

hi

sounds good trish. Sometimes you have to take a gamble to get ahead. The gamble doesn't sounds so bad if it is just increases your rent by $50.00 I hope it works out for you.

quote:

Originally posted by meandme:
[qb] hi [/qb]

Hi,I am so sorry.I honestly didn't mean to post the same thing that many times.I've been having trouble getting on this site and when I post it says there was an error,so I added the post again,and ended up with a ton of them.I

quote:

Originally posted by meandme:
[qb] hi [/qb]

Hi,I am so sorry.I honestly didn't mean to post the same thing that many times.I've been having trouble getting on this site and when I post it says there was an error,so I added the post again,and ended up with a ton of them.I couldn't figure out how to delete them,I'm so sorry.

Robin is working on the problem as we speak. Yeah we used to have a delete button, not sure what happend to that.

my first house was bought by rent to own, I would only advise getting everything in writing. We used a realestate atterney to make it formal.