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Rent vs Buy : Nationwide Real Estate Advice

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  • Home Buying264K
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Activity 812
Sat May 4, 2013
Gail Gladstone answered:
I rented until 1995 when I purchased my first home (I am 67). To me, it is like a bank account.

When I rented, I paid the landlord's mortgage. Now I pay my own and will be reimbursed when I sell.
When I rented, I had to vacate over and over as each landlord either sold their property or had family they wanted to put into it. No one can make me move out of my own home until I am ready.

Crag, do not allow society to tell you what and is your life and it is up to you to decide what is right for you. I tried both and am happier being a home owner.

Best of luck in whatever you decide.
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0 votes 6 answers Share Flag
Fri Jun 21, 2013
Hector Olivera answered:
I have a lender that offers financing to Canadian citizens. Feel free to contact me.

Thank You,

Hector Olivera Jr.
Realty One Group
480.359.5510 ... more
0 votes 16 answers Share Flag
Thu May 16, 2013
Alison Hillman answered:
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.

Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!

Ali, Trulia Voices Community Manager
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0 votes 1 answer Share Flag
Tue Apr 16, 2013
Alison Hillman answered:
Hi there,

I'd recommend you start working with an agent:

Ali, Community Manager
0 votes 1 answer Share Flag
Sun Aug 4, 2013
Dixon Wong answered:
As a realtor, we are not allow to do any rent to own transaction.

You can find a home that owner will able to do seller financing so you can work out payment details with him/her

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0 votes 2 answers Share Flag
Tue Apr 9, 2013
Jennie Miller, Pllc answered:
I just spoke with a client that will have a 4 bedroom rental home available for move in on June 1.
0 votes 3 answers Share Flag
Wed Apr 17, 2013
Hi Lfterrell,
I assume your question is if you can use the VA mortgage benefits to purchase a home in Panama City, FL and the answer would be yes. I would be happy to speak with you about your home financing needs and how to maximize your VA benefits to get a home that best suites your family's needs. Please feel free to call me at 866.901.3570 at your convenience and I will work on getting you pre-approved today.
Julie A. Horvath
Northpointe Bank
Area Manager
555 Metro Place North, Suite 320
Dublin, OH 43017
NMLS ID: 563029
866.901.3570 phone
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0 votes 6 answers Share Flag
Sat Apr 6, 2013
R. Eric Axelson answered:
Hi Mary, I live in Haddon Township. I honestly can't answer your question without me and my mortgage guy understanding better your parents' finances, but there are multiple options for seniors and real estate. If you would like to have a confidential and no-pressure conversation, please reach out.

I sell in NJ and PA, and at all price points.

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
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0 votes 2 answers Share Flag
Thu Apr 4, 2013
Dallas Texas answered:
75 homes have SOLD in the past 6 months

Contact my office today
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111 100's of Dallas homes listed for sale or lease

Follow me on Facebook
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0 votes 2 answers Share Flag
Thu Apr 4, 2013
Ava Anderson answered:
I think to get your best answer you should contact a lender so they can look at your situation completely. Let me know if you need a referral to a lender.

Ava Anderson
Solid Source Realty
770 369-5121
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0 votes 4 answers Share Flag
Mon Apr 1, 2013
Becky Zisk answered:
I know it is if you "Own" the house but "Renting" I am not sure. Ask an accountant and they can tell you. Good Luck. Becky
0 votes 1 answer Share Flag
Thu Apr 11, 2013
Justin Massimino answered:
Please contact me directly as to the best way to proceed specific to your circumstances. Much Appreciated

Justin Massimino, REALTOR®, 5-Star Certified,A-REO, CDPE, SRS, AHWD
Home Retention Consultant, FDCPA Certified
Exit Realty Unlimited
2420 W Horizon Ridge pkwy #130
Henderson, NV 89052
Direct (702) 494-7060
Fax (702) 948-5238

"I am always open to accepting aged assets, difficult assets or re assignments."

Exit Advanced


Asset Managers-
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0 votes 9 answers Share Flag
Mon Aug 12, 2013
Becky Zisk answered:
To answer your question, I would say yes if the bank is offering the home for rent. If the home is for sale, the answer would be no. Good Luck. Becky
0 votes 5 answers Share Flag
Mon Apr 8, 2013
Rena Levy answered:
Hi Pennylane

I would highly recommend to purchase a home warranty. Throughout my career I have seen my clients savings thousands of dollars by using the service calls with the home warranty.

I will be happy to recommend a few home warranty companies. Please call me at 702-612-7099

Rena Levy
Certified International Property Specialist
702-612-7099 Direct
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0 votes 6 answers Share Flag
Fri Mar 29, 2013
Laurie Cornelis asked:
to own and work closer to town.

This question was asked from this property:
0 votes 0 Answers Share Flag
Fri Apr 5, 2013
Alison Hillman answered:
Hi there-

Take a look at the crime and local info tabs:

Hope this helps,
Ali, Community manager
0 votes 1 answer Share Flag
Fri Apr 5, 2013
Alison Hillman answered:
Take a look at the homes here on Trulia:,MA/SINGLE-FAMILY_HOME_type/

Ali, Community manager
0 votes 1 answer Share Flag
Tue Mar 26, 2013
Keith Jean-Pierre answered:
It all depends on your situation and what your desired ROI would be. Typically landlords like to receive a 7-12% ROI. Now just keep in mind, not everyone is set up to be a landlord. I always tell my landlords, if you are looking to rent your property, prepare for the worst and hope for the best. If you do not want to have the possibility of having to go to court, evict, sign documents, collect rents, have those "conversations" in regards to late rent payments, meet with the sheriff, and such, then it might not be right for you. Good luck with your decision! ... more
0 votes 1 answer Share Flag
Mon Mar 25, 2013
Don Tepper answered:
I don't know specifically about Southhaven, but there's both good news and bad news.

And it's the same news.

Most mobile home sellers want cash. But many buyers (like yourself) can'd do all cash. Further, while new/newer homes can often be financed, it's quite difficult to get financing on older mobile homes--say, more than 5 or 6 years old.

As a result, a lot more mobile home sellers end up offering owner financing than you'll find with regular stick-built homes. These aren't usually rent-to-own...for a few reasons. First, a lot of mobile home parks don't allow renters. A rent-to-own is considered a rental. On the other hand, if you buy it (with owner financing), then you are the owner.

If a park does allow renters, then you could do a rent-to-own. However, you'd be in a better position--more protected--buying with owner financing. And it's pretty much the same to the owner. In either case, he's not receiving most of the cash up front.

Tip: When talking to sellers, find out how much cash they really need. For example, you might find a home for $30,000, and it might be a good value at that price. While the owner certainly would prefer all cash, he/she might not need all cash. Maybe the person needs $5,000 to move to Florida and stay with a relative. Maybe the person needs $3,000 for a car repair, but plans to move in with friends. That instantly reduces the amount you have to come up with--dropping from $30,000 to perhaps $5,000.

Also, some investors can put together a deal. I've done that myself. The way it works is: The investor buys the home for all cash, often at a substantial discount. Then he sells it to you with seller financing. Example: The home is for sale at $30,000. The investor makes a cash offer of less than $30,000, which is accepted. The investor offers the home to you for $1,000 with monthly payments of $512 for 7 years. (That's 12% interest.) The investor makes the money by having bought the property for less than $30,000.

Hope that helps.
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0 votes 1 answer Share Flag
Thu Mar 28, 2013
jlock30249 answered:
Looking for a house in the Naples area to rent with the option to buy.
0 votes 3 answers Share Flag
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