Posted by Jim Holmes on January 27, 2000 at 22:54:26:
I’m with Fred on this one. Unless you get this house for no interest for 6 years…this deal doesn’t fly. We can buy a lot of houses, however, the question is can we afford to own them?
With your fix-up your above the comparables. I’d keep looking. Find a fixer upper under 20% of the comparables after fix-up. Then you will have a deal. With an 80% loan you could then pull out your money.
Good luck to you.
-Jim from Idaho