Asked by Amy, Grand Rapids, MI • Mon Apr 7, 2008
Because of credit we are unable to finance a house by conventional methods. We are in the process of cleaning up our credit, but it will realistically be a couple years (depending on the lending institutions) before we can get a conventional motgage. In the meantime, we have decided to look for a rent to own or land contract. We are currently renting in the north GR area and the house we are in is too small. We also make pretty good money and would like to see it going to an investment and not a landlord. We have a small down payment (2-4k) and would like the selling price to be below $185,000. If anyone can give us advice on where to find a house with this option or any other advice about land contracts, we would appreciate it.
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