I would probably make it an addendum to the original Lease agreementIf he can qualify on his own then I would continue to rent to him but just clean up the paperwork.

My question is...Is it possible to qualify for any loan to purchase a property?

We were told that she is not qualified for the 1031 exchange, since the house was never rented before.

I have no problems qualifying for an FHA loan.

not sure i would qualify for both those loans. interesting thought tho.

He has told me that two good ways are to put a classified ad in the paper (and/or craigslist) and say "Rent to own, low downpayment" or "no bank qualifying, rent to own" or something like that.

So that I won’t loose my other qualifying tenant in line to her possible mind changing after she get the final approval by section 8.

Great Site.I am thinking about paying $7,000 to join TCS Forclosures.I have tried to invest in Pre forclosures ETC... we have 30k in cash and a credit rating of 718 yet we still do not qualify for a mortgage.tcs says they will match us up with investors who have the money.sounds like a solid plan to me.The question is < Has anyone heard of these guys?

For the homeowner who doesn't have the means to stay in the house, the lender's preferred option is an assumption, which is where somebody else who qualifies assumes the loan and resumes payments.

Even if they are "qualified"... eh I can't predict the future, if any one can... please give me a call, i'd like to discuss future investments =P jk jk jk.