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Updated about 8 years ago on . Most recent reply

User Stats

33
Posts
10
Votes
Bradley Snyder
  • Greenville SC
10
Votes |
33
Posts

Moving to Mcguire area

Bradley Snyder
  • Greenville SC
Posted

Hello,

I am a Newbie, moving to the Mcguire area this spring. My wife and I are wanting to buy a 3+ bed 2 bath house with a basement that needs some "love" and fix it up over the next year. Our plan is to eventually rent it out once its time to move again. I plan on using my VA loan and can afford about $2,200 a month that includes mortgage and taxes. Bases off my budget, I believe I am looking for an initial purchase price of around $180K before repairs. My questions are:

1. Is this realistic with the property taxes in the area?

2. If i do get a house for $180K, how do I go about getting the money to make the necessary repairs? 

3. Is refinancing possible immediately or do we need to wait at least a year? 

4.Is a personal loan from a bank a good idea?

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