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I have a duplex that I plan on buying and renting out. I expect to get it for 99,000. I have the required

10% to put down, but I need a loan that will give me 10,000 for repairs that are needed. I was told that I could get a line of credit or maybe a construction perm loan. What exactly do these two loans entail, or how exactly do they work?? I am kind of new to this, so I want to make absolutely sure that I pick the best of possible loans. Maybe there is a better way to do this, or some other types of loans?
Sun Mar 9 2008, 10:36 - 29205 - Financing - 1 answer
 
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Travis
Home Buyer
in Columbia
Travis, Home Buyer in Columbia in Columbia
Answers (1)
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David Patter… was FIRST TO ANSWER
FIRST ANSWER
Travis:

I'll refer you to two financing sources. Brian Foxworth is affiliated with First Covenant Mortgage. To receive a FREE Consultation, please contact Brian at (803) 446-3270 or by email: Brian@FirstCovenantMortgage.com.

Also....You can give Danny Thornton a call. He is with Home America Mortgage, INC. You can reach Danny at (770) 998-1964.

I wish you much success in your real estate endeavors.

Sincerely,

David A. Patterson, Broker CRS ABR
Russell & Jeffcoat Realtors, Inc.
5219 N. Trenholm Road
Columbia, SC 29206
(803) 960-5231

Visit My Blog - Your Comments are Welcomed
www.thepattersonfiles.info

www.sellinghomesisourbusiness.com
www.davidpatterson.net

Great service begins with a clear purpose!

Sun Mar 9 2008, 11:10
Web Reference: http://www.sellinghomesisourbusiness.com/
 
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