To answer your question, you would need to seek out a lenders advice vs. a REALTOR's as they would be the ones that could pull your credit history and also look at your current income, debt/credit ratio and determine if you would be able to obtain a home loan and for what dollar amount. There are a lot of great local lenders that you could look into in the Columbus, Nebraska market. Getting pre-qualified for a home loan is one of the smartest things a potential home buyer can do nowadays!
Feel free to give me a call or send me an e-mail and we could talk more about this if you would like.
Thanks & have a GREAT day!
Century 21 Realty Team
I'm not sure I follow your numbers. You'd like an investor to buy the house for $250,000 and you'd make monthly payments of $1,200? That doesn't work for the investor. Or you'd be willing to buy the house in two years for $250,000? Considering the real estate market, that means you'd have to find one at about that price today. So, again, the payments don't work. Further, although you say you have "$$ to put down," you later say $12,500 down on a $250,000 property. That isn't a lot of $$.
Please clarify your numbers and we may be able to suggest something.... more
I am based out of Norfolk NE and cover the Columbus area as well. There are not many properties avliable in Columbus but I would be happy to work with your family member. I look forward to hearing back from you.
Mike Proffitt... more