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Updated about 8 years ago,

Account Closed
  • Real Estate Investor
  • Fort Lauderdale, FL
6
Votes |
49
Posts

Do I Purchase A Duplex Or Resign My Lease?

Account Closed
  • Real Estate Investor
  • Fort Lauderdale, FL
Posted
Seems like a simple answer, but we have a couple of complications: 1. Lease term ends on December 31. 2. We don't have funding lined up, nor do we have a property under contract- just a plan to purchase one. 3. We could stay in in-law's house during transition period while securing home and funding, but with a two-year old, spacing would be tight and we'd have the added expense of a storage facility for a few months ( in spite of saving in rent). 4. I am having surgery in a week and will be unable to help with the move for at least one week!...maybe more. We definitely know the benefits of trying to get a duplex, but don't want to rush into an ill-advised position because we don't want to have to break our lease in the middle of the new lease term when we find a great property. Any advice on this dilemma is greatly appreciated by us newbie investors.

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