If I were to buy a forclosed home for ,900 and it needed about ,000 to put it back in good shape, would a lender borrow me the ,000? I am low income so do not have extra money laying around for the fixing up on a fixer upper.

My car was keyed pretty badly by a lunatic a while back and I’m sick and tired of seeing those scratches every time I get in my car. Anyone know of anything I can buy at auto parts or something that will make them less noticeable? I really just want a temporary fixer upper until I have the money to repair it correctly. Do you think maybe theres some kind of sealant or wax?? Also, when my car is wet, you can’t see them at all…even though the bitch scribbled on every panel. Its awful…..shes awful.

I NEED TO RECIEVE A 25,000 DOLLAR LOAN FOR INVENTORY. I HAVE MY BUSINESS PLAN TO SHOW THE DETAILS.MY CREDIT SCORES ARE 618,642,& EQUIFAX DOESNT HAVE A SCORE FOR ME.I ALSO NEED A LOAN TO PURCHASE FIXER UPPER REAL ESTATE. MY OLDEST CREDIT LINE IS SIX MONTHS.I HAVE NO FORCLOSURES,OR BANKRUPTCIES.I HAVE ONE NEGATIVE ACCOUNT ON MY CREDIT REPORT THAT DOES NOT BELONG TO ME,I AM DEALING WITH THE COMPANY & CREDIT COMPANIES NOW TO REMOVE IT.

I was told by a real estate agent that banks do not want to accept bids for properties from people who have FHA loans because they are "too picky". We just thought we could purchase a fixer upper to save money. So does this mean we wont be able to purchase a house that needs some repairs?

I’m interested in buying a victorian REO property and converting the basement into an income apartment. The house isn’t in terrible shape, but needs an updated kitchen, baths, the front wooden pillars need replacing and theres some water damage to two of the front rooms from a leaking gutter. Otherwise, the house has good bones and is solid brick and stone. Let’s say the purchase price is 100k and I need to put in another 100k for renovations and repair, how do I finance the 100k for repair and actually get the money to pay contractors? Thanks.

Ok I know I can get a regualr mortgage loan to buy the house. But it needs work done. Therefore, I will need more money for that. So can the mortgage company make the loan for higher than the house price? Or do I need a seperate loan? Becuase that would not be good to have to have 2 loans. Any ideas? Thanks
Oh ok I thought the house had to be in practically perfect condition for an FHA loan. at least the first house I bought with FHA was like that lol
I just looked into it and it looks like you are correct! Thanks. Are they very strict with how the home turns out like a normal FHA loan? Do u think using this will make me have to spend even more on repairing? Thanks so much!

Will realtors help you find properties in distress? Do i need a lot of money? How hard can it be.

I bought my primary residence 2 1/2 years ago for ,000 and put ,000 into it (it was a "fixer upper"). It now appraises at 5,000.

I plan on refinancing my ,000 mortgage to pay for the debt of ,000 (mixture of credit cards with 0% intros that are running out!) and to make a 20% down payment on an investment property (so I can avoid PMI). I plan on getting another slight "fixer upper" and only want to put in 10-15k into it. I will rent it out for a year or so until I think ive reached a good profit and sell it. Plus I only want to have to pay 15% tax rate instead of like 33% (long term investment).

I am not familiar with refinancing. Should I first get a contract on a property so I can refinance just enough to pay the debt, 20% to put down on the house and alittle money to fix it up? OR should I just estimate and refinance now and keep that money in the bank. I would hate to pay interest on money just sitting in the bank. Or do you know another way of doing it?

What would you say is the smarter choice?

* Buy an older home – stick money into fixing it up (ourselves) – reselling for profit

* Buy a modular home – perfect move in condition – no fixing needed – resell in a few years when we’d like to move

Any ideas / suggestions welcomed!

I’ve found a house that I really want. It’s really rough on the inside, the ceiling plaster has cracked and fallen in a couple places, therefore it will not pass inspection. Are there loans for homes that don’t require inspections? My husband is a carpenter, so it will all be relatively easy to be fixed. Also the loan amount would only be ,700. My grandpa is going to try to get the money for it, but if he can’t I need another approach. Any ideas help!

I’ve found the going rate for 3+ BR 2bath homes in my area to be 0k+ .
My home has 4BRs, 2Baths. I had bought it as a fixer-upper. Due to my unemployment and disability in the family I have to sell.
I know that nobody is going to pay 0k+ for my house. In my estimation it needs about – k worth of work to really fix it up into tip-top shape.
I want to price the house at 5k so a prospective buyer knows I’m taking the fix-up expenses into account, and hopefully drawing in a maximum # of interested people to bring a quick sale. This leaves less negotiation room on offers less than 5, I think someone willing to take on a fixer upper would find this place to be a great deal at 175k.
Alot of people are telling me to price higher, but I need a quick sale – I can’t afford the mortgage for much longer.
At 175k, I can pay off ALL my bills (incl mortgage) and have money in the bank.
Is this a crazy idea? What do you think? Alternative ideas?
Hokie – I’m in New Jersey. In my town, a 2BR 1Bath Condo is selling for 0,000.
i don’t think those condos are gonna sell at that price, since a 3BR house is listed at 9k. I’ve also looked at recent sales information (I have an aquaintance in real estate) and people are getting over 0 for similar homes.

Maria – I’ve still got some wiggle room at 175k. It would come down to how much I can get into the bank. But my minimum number includes a certain dollar amount that I want in the bank in order to make my necessary move happen. I don’t want to shaft myself out of extra $$$ if someone is willing to pay it.

Thankfully, I know I won’t totally lose money even if I had to drop the price to cover the mortgage & home equity loan, without paying off all the bills. I’m close to a job offer, but that is closer to the relative I’m going to be caring for and at a pay-cut.
Doc – I’m planning to do for sale by owner first to avoid paying commission to anyone.
Here’s my strategy – - I’m really hoping to get 0k for the house – that way all my bills are paid and I’ve got enough money to go into the bank.
I figure if I list @ 5, I’ll get plenty of interest and the first offer of 160 or more would get it.
I’m not actually hoping to get 175, although it would be nice. I know not to price the house at my bare-bones, bottom-line absolute minimum I need to sell for.
I know people are going to want to negotiate.
Is 15k enough of a cushion to negotiate on.
If somebody got the house for 160k, put 40k into it and fixed it up, they could easily list it for 250 or more and actually get that price. They’re happy ’cause the house is worth more than they put into it and I’m happy because I sold for what I really want to get.

I have found a duplex that is priced 30% under appraisal. It’s a fixer upper (cosmetically). I’d like to buy it for myself and rent the other half, or fix it and sell it.

Would this hard money lender help out? What criteria do they need to borrow?

my money tight, so i was woundering if i sould work on a nova i dont want to super charge it just repair it and do the ususal on restoring cars, plus i have never work on a car before. so do you think it a good frist car jto work on?

I would like to know where in the web I can find a list with real address and prices of fixer uppers or abandoned houses for sale. I tried the search engine but everyone is a request for money.

I am trying to sell my house and I want to buy a fixer upper that is liveable, but needs extensive renovation work. How can I get money on top of the loan to use to do repairs? I was told I wouldn’t qualify for a home equity loan because I will not have lived in the new house long enough.

I have already purchased a fixer upper house for pretty cheap..I now need the money to rehab the property….

It seems like everyone on my dads side of the family is against my family. Its a lot of things that they do. One example:
we bought a new house about three years ago. Its a big house in a really nice neighborhood. But it was a fixer upper and we were told that we’d bought a peice of shit and laughed at us. And after we had redone it inside and out they talked about us and said we live "above our means" when its not true my parents went to college and make good money.
However the thing that got me the very most was recently. First I have to backup and tell you that my sister got part of her index finger severed in a door at school when she was in first grade. Shes now oldr but one of my uncle randomly decided to taunt her about it. She is very sensitive about it and I feel as if that is the lowest thing somone can do. I am close to just breaking off all ties with all of them. However at the same time they are family. Wut should i do?

Almost 30, poor credit, but just starting to do better financially. I’m just sick of throwing my money away on rent, not having the space I need, etc. I’ve lived in shadey hoods before, but did suffer some of the consequences, i.e. theft, etc. The cheapest houses in decent areas are 250K+, but I’ve found several fixer uppers in less desireable areas for less than 100K. I’m not even sure if I could get a mortgage, or a fair rate. Seems to me that even if I paid a higher rate, if I found one, the payment would probably be comparable to my rent, but with equity. Does this sound right? Am I a fool to want to buy a run down house in a shady place? It does help that I am a contractor, and could make all of the improvements on my own. I’d love to hear what someone has to say.

My husband and I are first time home buyers and we have been looking for 2 years. I am afraid that we are getting so frustrated that we are rushing into buying our friends house. I know that I can update the house more but I am not sure if I will make a profit when we go to sell it. But then there is the other house where it is the school district we want but it cost about 0 more and well I don’t know if I should just be safe and buy my friends or keep looking. What if something goes wrong with the other house and my friend sells hers? I have 2 smalls kids and we rent a 2 bedroom duplex which is very cramped now. I just want to get out so everything can have it’s own place. But I don’t want to have to move again for like another 10 years. Both kids will be in school but then. What do I do? I don’t want to make my husband make a bad investment. We are using all the money we have to move and it isn’t much so we have to get it right the first time. Please help us. Thanks!

Iam not sure if i should by an inexpensive fixer upper or buy a small property with cash and try to get construction loan for a small house. My uncle is a retired carpenter and would do the work for no charge. I have a live in job so I wouldnt have to worry about living in the house for a while. Which do you think would be easier in terms of financing. I make a lot of my money in cash and am worried about qualifying for a loan. thanks

My husband and I have twins on the way so we would really like to stop renting and have a place we can call our own.

The thing is, because we’re having two kids at the same time, I’m going to be a stay-at-home mom for the first couple of years while my husband works as a high school teacher.

We’re looking into getting a starter home – because we live in a very small Texas town, there are some pretty nice houses for as little as 0k, even as low as k for a fixer-upper.

What kind of income would we need to be making in order to afford a house in this market, and if my husband DOES make enough money for it, is it even a good idea with the economy the way it is? We’re always hearing such bad news about the housing market, but he’s confident in his job security, so that’s why we are wondering if we should take advantage of the low housing prices out there right now.

I LOOKED ON THE INTERNET AND I SEEN LOTS OF CHEEP HOMES THEY SAY THERE IN RUN DOWN NEIGHBORHOOD’S ARE THEY BAD AREA’S WHATS THE COST OF LIVING AND ARE THE PEOPLE FRIENDLY I’AM FROM KY AND I WAS THINK OF INVESTING MY INCOME TAX MONEY ON A FIXER UPPER I HAVE NEVER BEEN THERE AND I HAVE WORKED THE SAME JOB FOR 15 YRS BUT IT A STRUGGLE IN KY I THOUGHT IF I COULD PAY CASH FOR A HOME AND FIND A JOB AND WORK ON FIXING IT UP. I’AM IN THE TRANSPORTATION BUISNESS NOW I’AM A SUPERVISOR/ DISPATCHER. FROM THE PICTURE I HAVE SEEN IT LOOKS REALY BEAUTIFUL THERE. I’AM HOPING FLINT COULD BE MY DREAM COME TRUE TO OWN A HOME THANKS

I’m ready for a change. I’m a teacher…I need to start making some money, now. I can fix about anything around the house. There is so much out there…I don’t know where to begin. I know the market is bad (S. Florida), but does’nt that shake out the posers?? Where do I start?
Thanks.

I’m a male single parent that works evening hours & not enough time to spend @ home. I would like to know how can I get out of this rut? I am in need of ,000.00 to start a home bussiness in buying rebuildable cars to make extra money or to buy fixer upper homes then flip them I am yearning for help or investor that believes in me and my cause to succeed. I’m a very honest and trust worthy person. Unfortunately with previous bad credit and with obligations to my children it seems that my enterpeneur endeavors are becoming harder since I am turning 48 years of age this month. I am from a latin decent with knowledge both english and spanish and it seem that to no avail I’m turned down for small loans any ideas any one? I will be very will to share the profits.

one income family of three. husband unable to work. cannot afford so much money upfront. we also have a well trained dog. have to stay in saint augustine town.