1059 Walton Avenue

This home is available on a lease/option where you can use your rehab skills to build equity and have up to 2 years to buy the property. Similar homes in the area are selling for up to $45,000 Your purchase price, when you're ready to buy in the next 2 years, is just $32,000. Other 3-bedroom houses in the area rent for as much as $750 a month; your rent will only be $495 in the first year and $520 in the second year.

All the major systems are in workable condition, including the roof, furnace, water heater, plumbing and electric. So, what do you have to do? This house has some condition challenges that will be yours to deal with, the house needs a fresh coat of paint, new carpet, possibly a kitchen update, and bath facelift. You'll need to show us that you have the experience to do that kind of work, the income to pay the rent, the ability to put down an option fee, and a real desire to own a home of your own in 2 years. There's one other issue with this property that you need to be aware of: The property was vacant for a while with no electric and the sump pump wasn't working so there is some surface mold in the basement that needs attention. Yes, this is a great deal for the right person. If you can trade your ability to do this work for a great price and monthly payment, we'd love to work with you. You may ask what if I can't get a loan in 2 years? Don't worry, we can provide financing after a 6-month history of timely payments and a good working relationship. Don't wait, though—these deals don't last. The first step is for you to see the property; we'll explain more about the deal once you've decided you love it.