Congratulations Steph on first house.

I found a REO home for sale. It had been empty since just after Step.11. I guess the bank was ready to make a deal. It started at $94,000.00 . It came in at $52,000.00 . We settled in the middle at $65,000.00 . I plan to give it a fresh look with paint and landscape, then back on the market it goes for $95,000.00 . We are useing an equity loan for the full amount, (no money down) paying interest only at 4% , then pay off the loan when we sell in the fall. So....how did i do for my first house?

Comments(3)

  • joel20th March, 2002

    That sounds like a great first deal put together. Way to go.

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