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Updated about 10 years ago on . Most recent reply

User Stats

49
Posts
10
Votes
Fe Kelly
  • Wholesaler
  • Goldsboro, NC
10
Votes |
49
Posts

Owner finance while still renting

Fe Kelly
  • Wholesaler
  • Goldsboro, NC
Posted

We are currently renting a place and want to buy a multi family property when our lease is up in January. However, there's an opportunity to owner finance 3 duplexs as a package deal in the next town over. It's in our price range and fully rented. I don't know a lot about owner financing, but seems like a good idea. I'm wondering if we should go forward even though we can't break our lease and will need to stay here until then. That'll give us a way to continue to save more down payment to house hack when this lease is up. 

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