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70126 : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 3
Tue Dec 4, 2012
ian cockburn answered:
There are churches for sale and some really good values. When considering a church, one has to consider where and how the financing package will be put together. Also consider the insurance requirements and upgrades to meet code and/or the insurance company. ... more
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Sun Jul 22, 2012
ian cockburn answered:
You will have to get your credit score up. Get rid of credit cards. Get rid of a fancy car.
Once your credit score is over 620, we can get you into a home.

Take a look at helpful hints to homeowners on the link below. Since today is Sunday, here are your 10 commandments to follow religously on your way to home ownership ... more
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Mon Aug 3, 2009
ian cockburn answered:
Do not do it...there are too many variables and then too many good completely remodeled homes out there.

As a licensed contractor who has rebuilt numerous reisdential and commercial buildings- even for me rebuilding at this stage is a one way battle up Mount Everest.

You will not be able to finance any building that is not completely remodeled, and the insurance will be very high...it will be builder's risk insurance...plus the bank will make you get flood insurance no matter where it is located in Orleans Parish.

If you still find a way to get a gutted home, expect to have all the wire / plumbing / and . or ac stolen at least once after they are installed...and even with insurance, the real thieves are the adjuster's who will not give you back all the money from what was stolen.

All the banks are going to require the equivalent of 30% down...no matter how the numbers are twisted when you intially talk to them.

Your best deal is going to be a remodeled home or condo...email me and I can show you how to leverage your money to get eiher
... more
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