Where can I get a mortgage?

[samson420]

I am still looking for options. . . . That really is my biggest scare.

If I get a private type lender for lets say for a 36 moth term. I get the house for 75k. When it's time for me to refi the thing it's only worth lets say 55-60k.

Now what? I can't get financing, yet again.


The renting market is booming for this reason. . . . I know that, so do the investors.

[DeadManCrawling]

There are some landlords who operate with a lighter touch, too. You may be able to find one.

We have a rental for our son, who is a minor, in Orlando, FL. The tenants have been there for 8 years or so now. We have never intruded on the property, and they have been great. They can remodel within reason, anything they want. They have done so, in terms of paint and carpeting, and have deducted the expense from their rent. Of course, they use companies we work with and we get bids and receipts directly. But, the tenant chooses the styles and colors. It works well for everyone concerned.

We have not had any issues with upkeep or maintenance, and they may buy the house from us. If that happens, we will sell it at a very good price, taking into account the years of good rent history and their genuine care for the house and our business relationship.

[samson420]

I just really don't like trusting people after what I have seen. . . . I seen people kicked out by the land lord because they needed the house for what ever. They give the tenant 500 Bucks and tell them to bounce. . . . . Not cool.

[DeadManCrawling]

Yes, that is unfortunate, and applies to all of humanity. There are bad people out there, no doubt.

I hope you find what you need in the short term, and get back to ownership as quickly as you can. I agree, I have never like the thought of being at another's whim.

[samson420]

Well, crap. . . . I don't really see myself as having a choice in financing.

These private ass wipes are just snakes. The only thing they care about is getting your money as fast as possible and not even on a high interest loan.


I still have no notice to GTFO. . . . So I will save as long as possible. If I have enough, I will buy a house out right for cash. If not I will rent. . . . . . . I already have enough to buy a total POS house here in AZ, but I really would like something half decent.

[ForumReader]

I just really don't like trusting people after what I have seen. . . . I seen people kicked out by the land lord because they needed the house for what ever. They give the tenant 500 Bucks and tell them to bounce. . . . . Not cool.

And the landlord not giving the tenant their security deposit but rather just 500 dollars? Yes, I agree, not cool. I am watching like a hawk how my landlord behaves. He knows I pay on time and take very good care of his property. I don't know what I would do if I receive an eviction notice saying I need to move out if he forecloses on the property without letting me know ahead of time.

Anyway, like DMC mentioned, hope you can find something feasible for the short term and eventually buy a property to your liking.