I am an F1 Student and i want to know if i could buy a rent/lease to own home in fort worth, texas?...and home should i approach for that..?..thanks..

Asked by Harshtimes, Texas Thu Aug 9, 2012

i am a masters student and will be studying here for next 2 years and then working for 2 more years....I have no idea how this works...help pls?.

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Bruce Lynn, Agent, Coppell, TX
Fri Aug 17, 2012
Never ever do lease to own, rent to own, lease purchase or anything like that.
Rarely will that be a good deal for you and may get you in more trouble than you imagined.
It was essentially outlawed by the legislature a few years ago, even though you see signs around from people who think they have found a way around the system.

Unless you have income from a job it will probably be tough to get a loan to buy a house.

You can buy for cash if you have the cash or family resources. Might be a good investment, especially in you can rent to a couple of friends too and use their rent and utilities to offset the costs.
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Roland Vinya…, Agent, Sprakers, NY
Thu Aug 9, 2012
For 4 years, it is marginal if it is worth the closing costs and risks (homes can, we have seen, depreciate as well as appreciate). Selling a home carries its own risks, including an uncertain time frame of when you have it sold. You can do the math on monthly costs easily and then can decide if the risks and added closing costs make sense to you.

As agents of course we all want to see you buy - but we also want to see you successful and making good choices.
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