Tuesday, November 8, 2011

I want to buy a house that is considered not livable but my broker says i cant get a loan, what are my options?

the house is fine and can be easily livable by me doing a little work which seems like a lot to someone who doesn't know how to do things. the windows are boarded, the kitchen and bathrooms gutted, has fireplace, not sure about water heater. what is minimum to make it livable. me and my buddies could easily throw in a hot water heater, toilet, shower, kitchen sink, stove, fridge, washer dryer etc. is it possible to make a deal with the bank to make it livable during escrow or have them fix it, or get a temporary construction loan, followed by a traditional loan

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