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Old 01-03-2008, 07:02 AM
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captain1202 captain1202 is offline
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Default Re: Short-term rentals while waiting to purchase

Try talking with some FSBO's who may be interested in renting in lieu of waiting forever for a buyer these days. Particularly if they HAVE to move.

When we were looking, we found several folks who would do a lease purchase with a substantial portion of the rent going toward the purchase. None of these deals were advertised, you have to ask and negotiate as sellers prefer to sell but will often opt for the other alternatives if the deal looks good.

We actually found a resale we love that was a straight up sale but the other possibilities do exist. Don't be intimidated and negotiate, negotiate. Now is the time!

A friend and expert real estate investor once told me, "If your not embarrassed with your offer it's too high!". Good Luck!