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To: Reaganesque

I rent now but my landlord is on in years, I expect the property to be given to the children and sold so I can see the handwriting on the wall. Unfortunately for me, I live in an insane market (L.A.) and I have no money for a downpayment. I would love to buy but that will mean I leave the state. I am a vet so I’m sure the VA can help...
If the landlord passes now, I will probably be homeless. :-(


13 posted on 03/15/2010 11:24:15 AM PDT by rbosque (11 year Freeper! Combat Economist.)
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To: rbosque

Do NOT preclude the idea of buying the property (if you like it) out of the estate. Yours is a classic, golden set of circumstances. The heirs more often than not do not want the property and would be very happy to receive a 5% yield on their value, especially for a zero-hassle no realtor commission sale to a proven payer. Those are the easiest RE deals in existence. Don’t worry about a low down payment, your dn pmt is the RE commission they won’t have to be paying.


56 posted on 03/15/2010 12:04:48 PM PDT by Attention Surplus Disorder (Voters who thought their ship came in with 0bama are on their own Titanic.)
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