We want to buy a home that we rent.

[Jason Cotner]

Hello all, We are renting a home and fell in love with it,the problem is that it is for sale and there has been a spike in interest in it lately. Our son has really grown attached to our home and we really do not want to loose it.Our credit is not quite there, but we have a family member who is willing to buy it for us on the condition we buy it back from him with a little profit to be made when we get our credit where it needs to be. So the other problem is the 20% down because he would not occupy it. We can get the home for 95-100 thousand but we only have $5,000 to put towards the down.

Does anyone know of any programs or creative ways to get this done?

I really do appreciate any help and will return the favors when and wherever I can.

[Tom Goans]

1. Rent to Own from the seller.
2. Owner financing provided by the seller.
3. Owner financing provided by the family member.

These are just a few of many ideas.

I do caution you about dealing with family members. This can be very destructive to family relationships and very dividing.