Rent to own

Thursday, May 29.  Hello all, back in Michigan again, and slept like a rock last night.  Woke up at 12:30!  Anyway, it's nice to be home and nice to get some rest.  Things here are picking up right where they left off and I'm glad I came home early because I am probably going to teach 6 or 7 extra lessons for the week and could use the money.

Today's new experience was to randomly call a housing development to see how they did their "rent to own" projects.  Many people in America cannot get a conventional mortgage so they are doing rent to own deals, where they start out renting and then apply some of that to the down payment and eventually get a loan when their credit gets better.  It gives the company a chance to sell houses but also gives them a chance to make a little higher rate of return.  So I talked to a guy named Scott who was very helpful in telling me how he does it, and it's giving me a better idea of if I want to rent to own my home how to do it.  I'd like to sell the house, but the market is so bad that I would get a bad price if I did.  This might be a way for me to keep the house but have the buyer pay for my equity.  Win win for me if it can happen.  And I think that it will happen sooner or later.

Anyway, hope everyone is doing well and thanks to all in Thailand who helped me...Dad, Korn, Nana, A Liang, Jod, Pae and Nop.  I appreciate it and feel the love and hope that I can one day return the favor!  Peace and enjoy and smile until we talk again tomorrow!