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11-04-2008, 09:40 AM
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Member
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Join Date: Oct 2008
Location: Boston, MA
19 posts, read 29,081 times
Reputation: 21
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Bad Credit History and Renting Apartment in Vegas
Hello my friends, it's BunnyD again with another question 
As you may know, I started a thread several weeks ago, letting folks know that I just LOVE VEGAS, and I love people from Vegas. Very generous folks, unlike here in Boston. I am tired of Boston, and most importantly tired of cold weather, lousy and humid summers. I don't have a date set when to move down there, but its my goal to move as soon as I find a job and a place to live. Due to my mistakes when I was younger, I completely destroyed my credit history. I'm trying to improve it but it will take a long time. How can I rent an apartment...is it possible with a bad credit history. How can I get any help ??
Thanks, and another WHAT'S UP from up north from cold Boston  |
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11-04-2008, 12:31 PM
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Member
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Join Date: Oct 2008
52 posts, read 41,731 times
Reputation: 18
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Have you considered a lease with option? or contract of sale? or AITD? Those are all creative solutions for people who have issues with their credit. A friend of mine did an AITD on a 2 bedroom condo and he is on title but not on the loan at all. If you are interested let me know and I'll get the realtor's contact info that did it for him.
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11-05-2008, 02:04 AM
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Senior Member
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Join Date: Jan 2008
Location: Grant Park, IL
116 posts, read 89,125 times
Reputation: 32
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A Lease with option?....Contract of sale?...AITD?....English Please...LOL
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11-05-2008, 05:09 PM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,135 posts, read 2,781,059 times
Reputation: 387
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you pick the house, the company has investors, investor buys the house, you pay the company, company pays the investor.. you will need a substantial down payment and proof of income and employment ($10k-$15k)
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11-05-2008, 07:00 PM
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Senior Member
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Join Date: Jan 2008
Location: 89113
100 posts, read 68,695 times
Reputation: 38
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Very interesting. I would like to hear more about this as well.
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11-05-2008, 08:23 PM
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I'm a GROUCH! So deal with it!
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Join Date: Dec 2007
Location: Here and there, you decide.
4,135 posts, read 2,781,059 times
Reputation: 387
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when i was there this past summer, i was showing bank owned props for one of these companies...if the client was interested in the house, the company would make an offer on the house, if the offer was accepted, client pays company the down payment (lease to own), and an investor buys the home.. the good is if the client makes the payments, they eventually will own the house, however, if they skip, they are evicted and lose the downpayment... funny thing is that we were showing alot of houses to people who had the foreclosure on their history.. these people still were wanting homes that were way above their means..(obviously they didnt qualify for these homes)
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