already own a home

I had the same problem a few weeks ago with a lease option I was getting. I wanted to get it and then resale it to my nephew and his family.

I negotiated every clause on the contract to the point where the owner got what he wanted and I got what I wanted. I told him I would like the assignment clause in there, when he questioned it, and I just flat out told him why. But I made him understand that he would still e selling it even it was not to me, the contract was still valid and in effect. He went with it and I got the property and put my nephew in it on a one year lease with purchase option at end of 1 year.

Also on the lease portion of the agree do not forget to geet the sublet clause in there.

Thank you Anita. Cindy

Let me know how you make out with the house

Well Anita guess what? I did have a contract, but oh gosh always something. The people that had a contract on my house freely got out of it due to a death in there family and they have to locate to Texas. I guess i am back to the drawing board. So close but not close enough. Now what do i do to still move? I am afraid to do a lease purchase, what if my mortgage broker says i can't do a lease purchase? Any ideas Anita? Please help. Cindy.

Hi Anita, I would rent it out but i called my realtor and in this area homes in my subdivision are only renting for 1,200 to 1,300, and i wouldn't be making anything. Just breaking even.

Hi Anita, I would rent it out but i called my realtor and in this area homes in my subdivision are only renting for 1,200 to 1,300, and i wouldn't be making anything. Just breaking even.

sorry about the double posting. was an accident.

First - your broker cannot tell you if you can do a lease purchase or not. That is your decision. I am sorry to hear about what happened to the house but just keep looking. Go to CL and place an ad under PROPERTY WANTED and see what you get. Start asking around ask church, friends etc and see if they know of something.

Are you trying to move to a bigger house for yourself? If so maybe you should look for a trade. Someone with a larger house that may want to trade down to a smaller one for financial reason. Put your thinking cap onn and you can do it - find something that fits you.

can't you do a LEASE PURCHASE?SULLY.

Rent out your current home using the Operation Free Home technique. That way you will be sure to break even but you will be doing a good deed which actually puts you way above breaking even.

Hey, Yoda, I like how you put that.

Hi Yoda, I am afraid someone will tear my house up. I have it in immaculate condition and i guess i am alittle scared someone is going to tear it up. Cindy

Hi Sully, I guess i am afraid my broker will not allow it. And also the thought of someone tearing it up.Cindy

Hi Anita, No actually this house is too big and i am looking to downsize. I will go to craigs list and see what happens. Can i still advertise on that site with already having a realtor involved? Would i be stepping on my realtors toes? Thanks Anita. Cindy.

Thank you Yoda, I will check into that. Thanks again. Cindy

and remember please, THE REALTOR WORKS FOR YOU!

Okay thanks.