This is a great question. I have improved my credit by nearly 200pts in the last year and am thinking about owning as opposed to renting myself. I'm curious about the process and would love to sit with someone. Kaja, you seem to be forthright and open with your info do you do things in the Bronx as well now?
If you have a legit program, hit me up at HillRandolph@aol.com
Rent to own apartments in the area are rare; keep in mind that if interested in co-ops, each board does have their own financial requirements that must be met in order to be approved. Also keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...... more
I would suggest that you start looking once the coop sale is in contract and the buyer has a commitment to close and has passed the Coop Board approval. Landlords look at income and credit. If a tenant is shy income or has low credit scores, some landlords take extra security or you can prepay several months of rent along with income verification documents. If you have questions, please feel free to call me 347-728-5439. I work with several landlords that can work with you.
Merit Group Realty
I specialize in acquiring and moving deals with creative financing (eg lease-options [aka rent-to-own], seller financing, etc). The offers are transaction specific. Although you don039;t necessarily need to have your real-estate attorney draft the agreement, I'd strongly recommend that you'd hire one to review any agreement before signing it.... more