Hi all!!! I have been renting for the last 8 yrs. for almost 3k month. Recently we moved into a single home in New York and the house belong's to someone I know, a friend. The rent agreement will be two years, 1 more year left. He recently offered to sell the house to us @ $575k which to me is kinda to much. What I know he bought the house in 2003 for $340k. With bad credit, what would be the best approach to own this property. 'Assume his loan may be??. Any help would be very much appreciated.