My landlord has mentioned a couple times that he would sell us the house a good price because he likes us, wouldn't have to go through a realtor, etc. I never asked the price because I assumed it was way to high to think about. Well, he only wants 35k. We've lived here 2 years without ever having to call him about anything needing to be fixed or anything.
We don't currently use the upstairs, but there are 2 finished bedrooms up there and a large family room that needs drywall put up. I think they replaced the insulation but not the drywall. I'd also have to put up better railings on the stairs and a gate...nothing big or expensive needs to be done up there. It would double our living space.
There are 2 bedrooms, sun room, dining room, large kitchen (which would be remodeled in the future, as the space is not being used well), living room, and bathroom (the bathroom I hate, but it could theoretically be doubled in size in the future if the hall closet was taken out). It has nice hardwood floors, central air, a garage. The yard is small but fenced on 3 sides, and all I would need to do is add a gate at the driveway to complete the fence.
I currently pay $550 in rent and a mortgage with taxes and insurance would be under $300. That means I could pay off my car this year and save $210 a month on car payments and not have to carry full insurance anymore on it either. I do have some money saved and could put down %20 and avoid mortgage insurance.
This would also mean I could have a BIG DOG in the future! And a garden
We will not qualify for a loan, as on paper we make very, very little (a lot of money comes from school-my husband's actual income is very low and I have a lot of debt). BUT, my MIL said she would co-sign if she could. I know she can...she owns her own business, has good income, and would easily qualify for a $28k loan. Would we be able to get a loan with her signing, you think?
then there's the upstairs and basement
We don't currently use the upstairs, but there are 2 finished bedrooms up there and a large family room that needs drywall put up. I think they replaced the insulation but not the drywall. I'd also have to put up better railings on the stairs and a gate...nothing big or expensive needs to be done up there. It would double our living space.
There are 2 bedrooms, sun room, dining room, large kitchen (which would be remodeled in the future, as the space is not being used well), living room, and bathroom (the bathroom I hate, but it could theoretically be doubled in size in the future if the hall closet was taken out). It has nice hardwood floors, central air, a garage. The yard is small but fenced on 3 sides, and all I would need to do is add a gate at the driveway to complete the fence.
I currently pay $550 in rent and a mortgage with taxes and insurance would be under $300. That means I could pay off my car this year and save $210 a month on car payments and not have to carry full insurance anymore on it either. I do have some money saved and could put down %20 and avoid mortgage insurance.
This would also mean I could have a BIG DOG in the future! And a garden
We will not qualify for a loan, as on paper we make very, very little (a lot of money comes from school-my husband's actual income is very low and I have a lot of debt). BUT, my MIL said she would co-sign if she could. I know she can...she owns her own business, has good income, and would easily qualify for a $28k loan. Would we be able to get a loan with her signing, you think?
then there's the upstairs and basement
