Valarie / Tim Bush Victory

 

Valarie / Tim Bush Victory

Positive Life Investing in Old Hickoy, TN

Type(s) of Victory: Helped someone else achieve a goal


11 months ago our son passed away. He had purchased a home 3 months before. We were unsure at the time rather we should let it be foreclosed on or what to do. We went over to try to clean it out and there was a young couple who needed to move and had their tax refund. We worked with the Mortgage Company and were able to assume the loan. We decided to do a Lease w/option to buy with the couple. They caught up the payments with a non-refundable deposit and we signed a lease agreement that, although is not giving us much passive income, we liked the fact that we are helping them learn to budget, work on their credit and teach them responsibility. We wrote the lease as with them being responsible for all repairs (as if they were the real owners). They are getting their act together and we are learning how much we have to learn to be RE passive investors. But we still feel that we are helping them which is what we wanted to do. With FB we have learned so much already that we know we wouldn't do it this ways again but we have learned a lesson.



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