Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$39.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

15
Posts
0
Votes

Investor to help 11 yr. tenants acquire the mortgage they've been paying on

Posted

My husband Joe and I have rented the same house for 11 years, never missed a payment, even helped the owner save his home from foreclosure. He is now selling it, and we have to buy or vacate. We don't have the means to buy, we've been working on our debt to improve our scores but not enough to qualify to buy without a co-signer. Joe has worked for Fedex for over 20 years and his yearly income is $100,000. If we can find an investor to help us obtain the property, we have no problems in paying the mortgage just as we've been paying the owner of the property's mortgage for 11 years. We've also done all the maintenance and repairs all these years, we put new linoleum in the kitchen, painted the interior, built a new fence/gate, stained all cabinets, much more all without reimbursement as the owner is a tightwad and had never wanted to pay for upgrades. We have taken care of his house like it's our own and never complained of anything. We are stable long-term tenants and would prove to be a good investment choice. We just need help getting in, the payments are covered! TIME IS OF THE ESSENCE! We have less than 60 days to move on this. Thank you!

User Stats

26,839
Posts
39,566
Votes
Nathan Gesner
Agent
  • Real Estate Broker
  • Cody, WY
39,566
Votes |
26,839
Posts
Nathan Gesner
Agent
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Deborah Ann Caporale:

Contact the landlord and see if he'll consider seller-financing. You give him a downpayment and make monthly payments to him. This gives him a chunk of money upfront to do with as he sees fit, ensures he gets steady income (with interest), and reduces his tax burden.

  • Property Manager Wyoming (#12599)

American West Realty & Management Logo