looking to get into a house

a recent family pic - My husband, my daughter and I on our 2nd wedding anniversary
@only1shi (405)
United States
August 4, 2008 1:05am CST
what is the best route to upgrade from renting to owning? we are still renting apartments, and after each lease, i find it annoying that the rental property owners can still go up on our rent. you would think that these people would give you a break if you've been somewhere for a while, and give you a loyalty discount or something. i have a co-worker whose rent went up $500 a month because of "renovations". is this justified? not in the least, but people will pay it. i can't, no i won't pay $1000 a month to rent something. if i have to shell out that kind of money, i want to know that one day this will be mine. i really don't want to do 100% financing, so we're trying to find ways to put more money aside into savings to come up with a decent down payment. what are the best ways to do this? also, with the housing market the way that it is, do you think that any sellers would be willing to do a rent-to-own with a small down payment?
1 response
• United States
5 Aug 08
There are rent-to-own homes in this area. I have seen them on Craiglist.com, too. It is a good idea to go after foreclosures and tax liens, too. The court houses usually have an auction 3 times a year and you bid on them. Depending on where you want to live, I have actually seen houses for sale for $118. My mother bought houses for $2,000. Those are usually tax liens or foreclosures or fixer uppers.
1 person likes this
@only1shi (405)
• United States
7 Aug 08
i'll have to look into this! thanx!