I am looking for a rent to own home where I can use sweat equity as down where should I start?
I have a foreclosure on my credit from a timeshare (what happens in Vegas doesnt Always stay in Vegas) I am looking for a house that I can fix up as all or part of the down and that they will let me rent to own but am not sure where to begin there are millions of sites but I am looking for a bank/private owned that maybe a former renter left it bad or something similar
Public Comments
- With a foreclosure on your credit report you are going to have a tough time getting a zero down loan. Lenders don't look at sweat equity as a down payment. I don't think you are going to have much luck with this one. Why not just buy a run down home and fix it up?
- How about just save and rent? Prices are plummeting right now. Just save a down payment and buy in a few years when prices are reasonable. If you agree on a price now you are just getting someone else out of a bad investment. Your "sweat equity" is just going to evaporate. Pun intended.
- with a foreclosure on your credit there are a few options for financing, FSBO with owner financing, lease with option to buy or hard money loans among others..visit www.deangraziosi.com and enter the forums. you will see this question asked all day and get some amazing answers
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