- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (6)
- Bert Pope, "bertpope"
- Contributions:66
Don't worry, there is a seller out there that needs you too. The seller you need to be looking for is an owner that owns their property outright. There are sellers that have had property(as rentals, etc.) for a while, and in this economy it would work for them to turn their asset into a mortgage with a decent return(2% above bank rates, because they are not a bank and they have more risk).
Plus, many times a rental has defered maintanence issues and a seller may have this property already on the market to liquidate(could be for quite some time) and there has been no takers because of the work it needs.
Now, some folks may not want to be married to a mortgage forever, so you could suggest making the mortgage a balloon after 3 to 5 years. This is where you have a normal 15 or 30 year type mortgage but you are going to refinance them out of it in 3 to 5 years.
Have a realtor help you in your area, just remember you have your talents to bring to the table too. I've done it many times.
Good Luck and Merry Christmas.
Plus, many times a rental has defered maintanence issues and a seller may have this property already on the market to liquidate(could be for quite some time) and there has been no takers because of the work it needs.
Now, some folks may not want to be married to a mortgage forever, so you could suggest making the mortgage a balloon after 3 to 5 years. This is where you have a normal 15 or 30 year type mortgage but you are going to refinance them out of it in 3 to 5 years.
Have a realtor help you in your area, just remember you have your talents to bring to the table too. I've done it many times.
Good Luck and Merry Christmas.
- Pamela Porter, "pamelarporter"
- Contributions:7
Hi Matt,
based on the information you provided it may be best for you to look at foreclosed homes that you can pay cash for. Buying land contract or even lease to own on properties that require work and capital investment on your part would be a very high risk for you unless you have your own legal representation in the development of any contracts.
Take care, Pam
based on the information you provided it may be best for you to look at foreclosed homes that you can pay cash for. Buying land contract or even lease to own on properties that require work and capital investment on your part would be a very high risk for you unless you have your own legal representation in the development of any contracts.
Take care, Pam
- Richard Lubinski, "Richard J. Lubinski"
- Contributions:133
There are plenty of homes in the price range your talking about on the market. I have seen many nice homes in akron sell in under 10k . give me a call and lets serif we can find you something
Rich Lubinski 330-622-0501
Rich Lubinski 330-622-0501
- James Matson, "JamesMatson"
- Contributions:7
Congratulations Matt!
You are on the path to financial security! Buying and fixing your own home is a great way to gain equity. Before you jump in though, evaluate your own skills and time available to do the repairs that 'as is, where is' homes require. Some websites that help are
http://www.thisoldhouse.com/toh
http://www.doityourself.com/
http://www.handymanusa.com/index.html
Keep a good sense of humor and humility, and with hard work you'll do great. Visit the local township and get familiar with building codes so you add value to the home without future punishment.
Good luck and have fun!
You are on the path to financial security! Buying and fixing your own home is a great way to gain equity. Before you jump in though, evaluate your own skills and time available to do the repairs that 'as is, where is' homes require. Some websites that help are
http://www.thisoldhouse.com/toh
http://www.doityourself.com/
http://www.handymanusa.com/index.html
Keep a good sense of humor and humility, and with hard work you'll do great. Visit the local township and get familiar with building codes so you add value to the home without future punishment.
Good luck and have fun!
- Angie Boggeman, "angie boggeman"
- Contributions:469
Foreclosures or estate properties may work. There are definitely properties out there $10,000 and under. But they are going to need work.
- Albert Elhage, "aelhage"
- Contributions:33
I am sure you will be able to find plenty of fixer uppers just get together with a Realtor and have him/her guide you in the right direction.
I am tired of renting and want to buy a home .I would like to buy a handyman special for around 20
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.