By Dave Halpern, Realtor, (502) 894-9194
Many home buyers want to take advantage of cheap foreclosures and cheap interest rates. Intuitively they know they can get a good house at a good price, fix it up and have instant equity.
The main questions are:
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How do I find the deals in Louisville?
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How do I know that it’s a deal?
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Will a bank in Louisville lend me money to buy a fixer-upper?
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After I get the loan to buy the house I won’t have the cash on hand to pay for the renovation. How can I get renovation money?