Market Conditions in Corona>Question Details

headleyrober…, Renter in Chino Hills, CA

if un able to get loan but make enought to pay monthly can a rangements be made to pay monthly on home to ater own home with a loan

Asked by headleyroberts1, Chino Hills, CA Mon Sep 10, 2012

This question was asked from http://www.trulia.com/property/3068761057-22312-Silverpointe…

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Greetings,

I have been working with several investors (and homeowners) in the Inland Empire who have and are looking to rent their homes out to families and/or individuals who can eventually purchase the subject property in 3 to 5 years. If this program is of interest to you, I would be happy to discuss the details with you in greater detail. You may contact me directly @ 909-376-6441.
0 votes Thank Flag Link Mon Sep 10, 2012
That would be called a "lease option to purchase" and like Leanne said, it is hard to find those types of properties in today's market. Rentals are in high demand, but landlords are holding on to them until the market prices go much higher to sell. If you can find a rental that would work for you that way, be sure the contract allows for your future purchase to be included.

While renting, work on improving your credit. Never be late on payments! When using a credit card, make consistent payments and always pay on time. You can do it! Make it happen! Credit is very important throughout your lifetime. There's no better time to start working on it then now.
Good Luck!!
0 votes Thank Flag Link Mon Sep 10, 2012
You could work out a deal with a home owner to do a rent to own. There are not a lot of those opportunities out there right now, but they do exist. Better to work on your credit and get that in gear. It can be done quickly. Most home owners and even landlords are going to want to see you improving your credit in order to go into contract with you either on a lease or a lease to own.

Hope that helps
Leanne Austin
TheAustinRealtyGroup
Keller Williams
951.205.2657
0 votes Thank Flag Link Mon Sep 10, 2012
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