there is a house for sale down the road that has been 4sale for probably a 1 1/2-2 years. its a 2 bdr (which i want at least a 3) 1 bath (again i want at least 2) it has very little yard, like half an acre.. although its in the country so theres a field behind it and his family owns tons of land right down the road. well it originally was put on the market for over 100 grand. and its now for 67. I told hubby if we could get it for around 50k we could buy it.. however i'd buy it for probably 60K.this is why i'd be willing to do it. We figure it's only going to be about 200 more than we pay in rent.. but we can have it paid off in about 5 yrs if we really wanted too. I told him I will want OUT of that house as soon as possible. And we would have it as a Rental house. Is it stupid to consider this on my part or would this be a smart move?
Answer by amommy2a2yrold at 9:52 AM on Jan. 20, 2009
Answer by navy-wife at 9:10 AM on Jan. 20, 2009
Answer by Candice_brooke at 9:15 AM on Jan. 20, 2009
Answer by jodi205 at 9:15 AM on Jan. 20, 2009
Answer by tropicalmama at 10:24 AM on Jan. 20, 2009
That was what we intended to do with our house, but it didn't work out that way. The house now isn't worth what we paid for it because the market is doing so bad where we are. We actually wanted to sell it, not rent it out. Now it's looking like that's going to be our only option but I don't want to do it. I just had a friend who rented out their house so they could move. The tenants were a nightmare. They quit paying rent, trashed the house, and stole everything they could take (appliances, light fixtures, etc). It's up to you if you want to possibly deal with that. I would look at how well houses are renting in your area. I know here, there's so many houses for rent, it's hard. Good luck with what ever you decide!
Answer by mom2XandZ at 11:38 AM on Jan. 20, 2009
Answer by xxhazeldovexx at 11:50 AM on Jan. 20, 2009
Answer by melody77 at 1:58 PM on Jan. 20, 2009
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