Prairie Eco-Thrifter
NOVEMBER 6, 2011
Lease-purchase agreements fell by the wayside during the housing boom because banks were lending freely. If the buyer still can’t get a loan at the end of the rental term, the seller can finance the deal themselves or keep the buyer as tenant. Of course, lease-purchase deals come with some risk.
The Frugal Girl
MARCH 4, 2024
When they got married, they bought a duplex so that the rent money from the tenant in the upstairs apartment would pay the mortgage. We lived off my salary and banked Alan’s even before we were married so that we could build our own house (literally), paying cash as we went. What’s your best frugal win?
Savings Corner
DECEMBER 25, 2023
What if you get a tenant who pays late or damages the property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. You’ll arbitrage the difference in your purchase and sale prices, and may be able to build a following of individuals who track your deals.
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