Posted by Eric on March 31, 2002 at 22:08:18:
Owner financing! Negotiate a deal with an owner to hold the financing. Check out the paper, you should see a few “BUY LIKE RENT” or “RENT TO OWN”, which is your basic lease option agreement.
Or you could even pick up the phone and start calling actual houses for rent. And tell the owner you’d like to rent his house then add in the question, “If I rented your house Mr. Owner for a year and had timely payments, would you consider letting me buy the house from you?” If Mr. Owner says yes, you’ve got yourself a lease option.