Moving to Mcguire area
Hello,
I am a Newbie, moving to the Mcguire area this spring. My wife and I are wanting to buy a 3+ bed 2 bath house with a basement that needs some "love" and fix it up over the next year. Our plan is to eventually rent it out once its time to move again. I plan on using my VA loan and can afford about $2,200 a month that includes mortgage and taxes. Bases off my budget, I believe I am looking for an initial purchase price of around $180K before repairs. My questions are:
1. Is this realistic with the property taxes in the area?
2. If i do get a house for $180K, how do I go about getting the money to make the necessary repairs?
3. Is refinancing possible immediately or do we need to wait at least a year?
4.Is a personal loan from a bank a good idea?