# Calling real estate people /Rent to own questions
**URL:** https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844
**Category:** Shift518 Off Topic
**Created:** [August 8, 2011, 8:33am UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844 "2011-08-08T08:33:46Z")
**Posts on this page:** 20
**Page:** 3
### Author:  [@usmc2801](https://forums.speedlife.net/u/usmc2801)
#### Post date: [August 8, 2011, 12:25pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/41 "2011-08-08T12:25:31Z")
> [@incase your switching to direct tv...](https://forums.speedlife.net/t/incase-your-switching-to-direct-tv/44472/4):
>
> Ok so you are over by paige school. woodlawn neighborhood the nieghborhood i grew up in.
Yessir.
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### Author:  [@Sketchy](https://forums.speedlife.net/u/Sketchy)
#### Post date: [August 8, 2011, 12:26pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/42 "2011-08-08T12:26:15Z")
.
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### Author:  [@usmc2801](https://forums.speedlife.net/u/usmc2801)
#### Post date: [August 8, 2011, 12:26pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/43 "2011-08-08T12:26:17Z")
> [@How do you feel about Pepboys](https://forums.speedlife.net/t/how-do-you-feel-about-pepboys/44476/14):
>
> haha i do you live near Damian? Drives the red VW GLI?
Don’t know him but I know the car haha.
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### Author:  [@Sketchy](https://forums.speedlife.net/u/Sketchy)
#### Post date: [August 8, 2011, 12:29pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/44 "2011-08-08T12:29:07Z")
he’s a buddy of mine. Weird i didnt realize how many people from shift live in schenectady lol
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### Author:  [@psi2high](https://forums.speedlife.net/u/psi2high)
#### Post date: [August 8, 2011, 12:32pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/45 "2011-08-08T12:32:51Z")
> [@UB Parking lots today...](https://forums.speedlife.net/t/ub-parking-lots-today/44474/17):
>
> Oh really? Do you know Daniels Ave?
I know where that is
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### Author:  [@Cossey](https://forums.speedlife.net/u/Cossey)
#### Post date: [August 8, 2011, 12:34pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/46 "2011-08-08T12:34:58Z")
Guilderland taxes = anal rape w/o lube.
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### Author:  [@usmc2801](https://forums.speedlife.net/u/usmc2801)
#### Post date: [August 8, 2011, 12:41pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/47 "2011-08-08T12:41:38Z")
Oh yea and my taxes are about 7K/year…thats anal rapage! lol
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### Author:  [@Cossey](https://forums.speedlife.net/u/Cossey)
#### Post date: [August 8, 2011, 12:45pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/48 "2011-08-08T12:45:50Z")
> [@How do you feel about Pepboys](https://forums.speedlife.net/t/how-do-you-feel-about-pepboys/44476/18):
>
> Oh yea and my taxes are about 7K/year…thats anal rapage! lol
I wish I was in your boat lol. Mine are around $13k for school & property.
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### Author:  [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)
#### Post date: [August 8, 2011, 12:50pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/49 "2011-08-08T12:50:54Z")
Well Cossey, you did buy a nice house. Mine aren’t far off that and it’s significantly smaller. LOL
Parents Lakehouse is like $25K a year… getting RAPED
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### Author:  [@Cossey](https://forums.speedlife.net/u/Cossey)
#### Post date: [August 8, 2011, 12:53pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/50 "2011-08-08T12:53:09Z")
> [@Maryland Temp Plate](https://forums.speedlife.net/t/maryland-temp-plate/44467/4):
>
> Well Cossey, you did buy a nice house. Mine aren’t far off that and it’s significantly smaller. LOL
I should’ve gone much smaller, but I was kinda planning long term w/ gf and future family and what not.
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### Author:  [@usmc2801](https://forums.speedlife.net/u/usmc2801)
#### Post date: [August 8, 2011, 12:56pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/51 "2011-08-08T12:56:34Z")
> [@Maryland Temp Plate](https://forums.speedlife.net/t/maryland-temp-plate/44467/4):
>
> Well Cossey, you did buy a nice house. Mine aren’t far off that and it’s significantly smaller. LOL
>
> Parents Lakehouse is like $25K a year… getting RAPED
Yeah but anything on a lake is gunna be BAD!
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### Author:  [@RocketPunch](https://forums.speedlife.net/u/RocketPunch)
#### Post date: [August 8, 2011, 1:05pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/52 "2011-08-08T13:05:12Z")
I pay $3500 a year tax in Albany County and I thought that was expensive.
Tiny house FTW? LOL
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### Author:  [@JRubino](https://forums.speedlife.net/u/JRubino)
#### Post date: [August 8, 2011, 1:50pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/53 "2011-08-08T13:50:23Z")
OP,
Have you considered a 2 family or multi-family property? I bought my first property as a 2 family in Watervliet towards the Latham side and it has turned out to be a great investment. I know you’re on a budget like most folks, might want to try buying a 2 family and having your tenant cover your mortage.
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### Author:  [@mcflurry](https://forums.speedlife.net/u/mcflurry)
#### Post date: [August 8, 2011, 2:24pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/54 "2011-08-08T14:24:51Z")
> [@incase your switching to direct tv...](https://forums.speedlife.net/t/incase-your-switching-to-direct-tv/44472/5):
>
> Yessir.
wtf you live right near my g/f?!?! how did i not know THIS!
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### Author:  [@JClark](https://forums.speedlife.net/u/JClark)
#### Post date: [August 8, 2011, 3:08pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/55 "2011-08-08T15:08:38Z")
Anywhere in NY = rape taxes.
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### Author:  [@usmc2801](https://forums.speedlife.net/u/usmc2801)
#### Post date: [August 8, 2011, 3:26pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/56 "2011-08-08T15:26:02Z")
> [@How do you feel about Pepboys](https://forums.speedlife.net/t/how-do-you-feel-about-pepboys/44476/29):
>
> wtf you live right near my g/f?!?! how did i not know THIS!
I did not know this, does she live on my street?
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### Author:  [@Jammer](https://forums.speedlife.net/u/Jammer)
#### Post date: [August 8, 2011, 7:02pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/57 "2011-08-08T19:02:20Z")
> [@UB Parking lots today...](https://forums.speedlife.net/t/ub-parking-lots-today/44474/13):
>
> This colonie is broke, the last town sup. milked it all. Taxes are going up I choke every year on it. Taxes on commercial land is already out of control
OMG, really?
Mahan just sold rights to the land fill to cover her lies and debts of past and current administration. Alot more to the story here
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### Author:  [@Jammer](https://forums.speedlife.net/u/Jammer)
#### Post date: [August 8, 2011, 7:05pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/58 "2011-08-08T19:05:09Z")
> [@Where do you guys have your insurence, and what do you pay?](https://forums.speedlife.net/t/where-do-you-guys-have-your-insurence-and-what-do-you-pay/44461/21):
>
> op, heres a few dirt cheap houses, most are cash deals but you may have some cash laying around and could get a personal loan for the rest… Live in/fix it up and flip it for triple while you look for a new house.
>
> [http://CRMLS.fnismls.com/publink/default.aspx?GUID=a7feffac-a74a-468f-bbeb-29a50d189920&Report=Yes](http://crmls.fnismls.com/publink/default.aspx?GUID=a7feffac-a74a-468f-bbeb-29a50d189920&Report=Yes)
Boost , Love ya an all that, but i maintain or maintained several of these homes for HUD. Ask Vlad and Singh what some of these look like inside… many dont have copper…some do have lead though…as several of those home…in fact…have bullet holes…IE Frances !
Just some LOLs… but, yes, there are deals if you have cash…always.
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### Author:  [@love4boost](https://forums.speedlife.net/u/love4boost)
#### Post date: [August 8, 2011, 7:12pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/59 "2011-08-08T19:12:31Z")
> [@OFFICIAL: 2008 ELECTION THREAD](https://forums.speedlife.net/t/official-2008-election-thread/41192/445):
>
> Boost , Love ya an all that, but i maintain or maintain several of these homes for HUD. Ask Vlad and Singh what some of these look like inside… many dont have copper…some do have lead though…as several of those home…in fact…have bullet holes…IE Frances !
>
> Just some LOLs… but, yes, there are deals if you have cash…always.
I hear ya bro, 8 out of 10 need lots of work but theres ALWAYS deals out there… Meet and a friend bought a house on Arthur st for $8,800, put $7,000 into it and sold it for $55,000 within 2 months… Needed tons of cosmetics, but plumbing and electrical worked perfect, boiler needed a $20 thermal cupler and fired right up.
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### Author:  [@Jammer](https://forums.speedlife.net/u/Jammer)
#### Post date: [August 8, 2011, 7:16pm UTC](https://forums.speedlife.net/t/calling-real-estate-people-rent-to-own-questions/259844/60 "2011-08-08T19:16:01Z")
OK, I need to chime in here… having done all and more than what was discussed above.
Rent to own is a viable option… with fair parties on both side, when the right buyer, seller and house all meet.
We have owner financed people on some of my flips… which was almost a rent to own in the end… often people are poor at saving…so if we play bank, its a way to “make them do it”.
For instance, I am just finishing up a 4 unit in schenectady… all new siding, windows, cabinets, counter tops, vinyl and harwoods being redone now. All new electric panels, and most new plumbing. All serviced boilers, (seperate heat and electric for each unit)… the 4 unit is basicly “turn-key”. New front steps, railings…doors, yada yada yada. Built it so the buyer can come in, make money and not have all those nagging calls. New faucets…new drains…and so on…
I know damn well the investment market it tight because it often requires 30 percent down… and if you have cash, you may not want or need this particular property… but for the average Joe, this place will definately profit over $1000 a month and they may be able to get in with very low money down because we will work with the buyer… or more importantly, decent money down and we can hold a mortgage they may not be able to get… no matter how one looks at it, ya pay alot of interest to the bank or seller… so in a case like this, I could rent the whole building out to the buyer at a good discount, let him make his nut, and when there is either enough banked for him to get a loan, or he finds other means to take ownership, the transfer happens. thats a mutually beneficial rent to own type of deal. Talking less than 125k for a very updated building on a nice street…new sidwalks… few neighbors… neighborhood is for renters, not us fine Shifters. tho
BTW, just to be sure i violate the forum rules, I will soon have a nice 3+ bedroom in Colonie, nice colonie, not menands, schenectady or exchange st stuff… with a 2 car garage… freshened up in a great neighborhood for $139k… well below any comps… this should be a 7-10 day sale cycle once I put it on… at the end of September or so…
The best bet may be what we did in the early 90’s, equity sharing.
4 Unit
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