$28,000 Cash / Bank Financing or Owner Carry with $2,000 Down and $475/Month for 10 years. Yes, that's the same price as rent this year, but in 2 years when rent would be $525(based on a 5% per year increase) , you will still be paying $475. In 5 years when rent would be $605, you will still be paying $475. In 10 years when rent would be $775 you are still paying $475. After the 10th year you pay $0.00, because your home is paid off .
$2,000 Down - $475 Month for 10 Years
