OT hard choices
Hello friends ! It's been a bit.
I have a lot of not fun going on with my mother and some weird stuff with the step kids but this is a weird offer I need to bring up for some sage advice
My husband and I were saving to buy a house. We actually made an offer , did inspection, then found out despite being pre qualified my husband with 1099 would need to wait til 2 years of employment. Welp my dreams were crushed but we moved on.
Yesterday my landlord calls saying the HOA is complaining of a leak in the condo below us. The HOA didn't want to look at the lower unit but ours. Our landlord told us point blank : do not let them in. They are trying to make me pay for repairs without looking into the condo with problem. We update him and yesterday he sends us a heart felt email, basically saying if we want to privately buy the condo from him with no interest ( he would take care of any of the leak issue ) just pay your rent as mortgage and the HOA fee.
I should preface as why this should sound shady it isn't. The many owns a very successful giant business and lives states away. His reasoning is just being sick of how they treat renters within the HOA..
Our issue here is : this is a 2 bathroom loft style condo. The two stepkids currently sleep on the old school couches on the first floor. We were looking to buy so the kids would have their own room and rent here is now so high we really want to avoid it .
Pros: we can remake the house and switch the bulky old furniture it came with two decent futons creating their "own" space, way cheaper than buying , once the house is owned we'd be able to rent or sell the place creating a new income, stability as our bills would stay low
Cons : kids would not have rooms for a few years , if we did buy and failed to sell or rent we'd be stuck with two mortgages or at the very least the mortgage and HOA, and finally " the fishbowl " argument. Something stuck in a small bowl is unlikely to outgrow it
Any home owners in the know I'd love some thoughts. I wish I could call my mother but she's beginning to fail again according to the insurance company ( another saga I'll be posting soon)
Miss you all and thank you for reading my novel.