Posted by JoeB(Atlanta) on January 29, 2000 at 10:07:53:
James, without doing anything super-creative you could probably get a home equity loan on some portion of your $90k equity or refi/cash-out and use the cash to buy lot and build.
Talk to some mortgage brokers.
Joe Brillante
Advice - Posted by James
Posted by James on January 28, 2000 at 21:57:57:
Hi!
I own a home with 10k left on the note. Homes in the area
in moderate condition are selling for 100k. I had a Chapter 7 bankruptcy 1 1/2 years ago. I am wanting to get vacant land (10+ acres) outside of town to build on. I have no down. How could I do this without selling my home in town and, preferably, leaving my house out of the deal. I recently ordered a course but I haven’t recieved it yet. I am totally new to this concept of buying real estate and am not looking to get rich (yet!) but who knows! I am just trying to get some room to breathe.