I am a young, 23, and very intrested in real estate. I love to watch property buzz on HGTV! I live in deep south texas and prices are significantly low compared to the rest of the country. I could get a 4 bedroom 2 bath for under 250k! I have looked at prices and the market in my area. What would be the next step? And when looking for a bank to have my mortage, do i mention i am going to be fixing & selling within a year or so? If i get a 300k and buy a 250k home can i use the extra cash to remodle or make the monthly mortgage payments, how does that work?

Any website recommendations?
TIA

 

  • ♥Cutie Emily♥ 5:05 pm on February 5, 2010

    yeah you should do it….. it’s good money….

  • thepenismightier 5:05 pm on February 5, 2010

    I’d advise against it. You’ve missed the boat. The sub-prime mortgage market is imploding and housing prices are stagnating. Foreclosures are at an all-time high, as are inventories of unsold homes. Freddie Mac and Fannie Mae are overextended.

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