do you mix your friends and money. . . . . ?
A friend offered us their rental for a lot less than their asking price because they desperately need the money. I feel for them but a big part of me is hesitant to get involved in a business transaction with a friend. It never ends well. Does anyone else feel the same? Or am I just not seeing all the advantages?
Bare with me a bit AMA,
I live in a loft. I pay $570. The only bill we pay is electricity (apartmentwise). It's in a decent side of town. This close friend is having money trouble and so they're offering us their rental house for $650 (they were asking for 900). They say that since we're friends and since they really need the money and since any money is better than no money, we can rent it that cheaply. They had to evict their previous tenants because of nonpayment so they aren't willing to risk renting their house so cheaply to just anyone. We've been friends for a long time and we all decent people. Damaging their property or not paying rent (like their previous tenants did) will not ever be an issue. I only work part time and my husband works full time but this is something we could possible afford if we made adjustments to our budget. . . .
The house is 2 bd w/ a decent sized art studio which my husband is very excited for. It's just the two of us and we're not willing to get a roommate (I'd rather stay where we are now). If choosing the house we'd have to pay for all the bills since nothing's covered. The house is only a few blocks from where we currently live and yet it's right on the edge of the not-so-nice part of town, however, distance to both our jobs would not change (seriously, the house is just a couple blocks away) so gas expenses wouldn't change at all at least.
And yet considering I've been really wanting to get our own place, but my husband refuses, renting this house is a compromise for the both of us. I get a house, but he doesn't get settled in one place just yet (we don't plan on staying in this town forever). I just worry. When we first got married, we rented a room from a friend and those months we lived there were horrible. I really believe that friends and money don't mix but it seems almost foolish to pass up on this chance. We're not going to find a better deal on a house with awesome people as landlords (they really are the nicest people ever).
What do you consider when moving, especially if it's not a strictly necessary or forced move? We don't have to leave where we are. We just need to consider if this is a foolish or wise move? What do you think? Am I being too cautious?
Bare with me a bit AMA,
I live in a loft. I pay $570. The only bill we pay is electricity (apartmentwise). It's in a decent side of town. This close friend is having money trouble and so they're offering us their rental house for $650 (they were asking for 900). They say that since we're friends and since they really need the money and since any money is better than no money, we can rent it that cheaply. They had to evict their previous tenants because of nonpayment so they aren't willing to risk renting their house so cheaply to just anyone. We've been friends for a long time and we all decent people. Damaging their property or not paying rent (like their previous tenants did) will not ever be an issue. I only work part time and my husband works full time but this is something we could possible afford if we made adjustments to our budget. . . .
The house is 2 bd w/ a decent sized art studio which my husband is very excited for. It's just the two of us and we're not willing to get a roommate (I'd rather stay where we are now). If choosing the house we'd have to pay for all the bills since nothing's covered. The house is only a few blocks from where we currently live and yet it's right on the edge of the not-so-nice part of town, however, distance to both our jobs would not change (seriously, the house is just a couple blocks away) so gas expenses wouldn't change at all at least.
And yet considering I've been really wanting to get our own place, but my husband refuses, renting this house is a compromise for the both of us. I get a house, but he doesn't get settled in one place just yet (we don't plan on staying in this town forever). I just worry. When we first got married, we rented a room from a friend and those months we lived there were horrible. I really believe that friends and money don't mix but it seems almost foolish to pass up on this chance. We're not going to find a better deal on a house with awesome people as landlords (they really are the nicest people ever).
What do you consider when moving, especially if it's not a strictly necessary or forced move? We don't have to leave where we are. We just need to consider if this is a foolish or wise move? What do you think? Am I being too cautious?