| Author |
Message |
 Topic: Loan for a fix-it-up home |
DavidV
Replies: 25
Views: 112664
|
 Forum: Credit & Loans Posted:
Fri Oct 18, 2013 5:56 pm Subject: Loan for a fix-it-up home |
I'm thinking that if the OP is willing to live in the home now as-is, then the repairs can be done as the money becomes available, and doesn't have to be borrowed
Right, that's the thought. Still hav ... |
| Topic: Loan for a fix-it-up home |
DavidV
Replies: 25
Views: 112664
|
Forum: Credit & Loans Posted:
Fri Oct 18, 2013 3:14 pm Subject: Loan for a fix-it-up home |
| Thank you for the advice, but it's the math that makes it potentially appealing. I agree, I'd probably be looking at a $70 203k if I went that route. Let's assume I get a 30 year loan and pay it off c ... |
| Topic: Loan for a fix-it-up home |
DavidV
Replies: 25
Views: 112664
|
Forum: Credit & Loans Posted:
Thu Oct 17, 2013 12:25 pm Subject: Loan for a fix-it-up home |
| I'm not really looking at it as an investment per se. It's more just a place to live that I can afford. (I'm a just-married teacher and poor as dirt.) The home is going for $35 thousand and comps sugg ... |
| Topic: Loan for a fix-it-up home |
DavidV
Replies: 25
Views: 112664
|
Forum: Credit & Loans Posted:
Thu Oct 17, 2013 2:49 am Subject: Loan for a fix-it-up home |
| Thank you for the quick response. I agree that it would usually be very good advice, but I should have added this information: I actually nearly bought this house using a 203k loan, so I have all the ... |
| Topic: Loan for a fix-it-up home |
DavidV
Replies: 25
Views: 112664
|
Forum: Credit & Loans Posted:
Thu Oct 17, 2013 12:15 am Subject: Loan for a fix-it-up home |
Hello,
I'm trying to figure out if I can get a loan that would make the following plan work. I'm looking to buy my first home and came across a home which is in decent (livable) condition but needs ... |
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