Forum Archive

Hello,
My boyfriend and I are looking at a 3 family house in bushwick in need of a total gut renovation. We are really not sure if we can afford it depending on the renovation cost-we had an unofficial estimate that was really scary. Can anyone reccomend a loan officer or bank that gave them a mortgage and construction loan together? Are banks doing this right now for first time buyers? Also we have a potential opportunity to buy a property in Pennsylvania that we could very comfortably afford but would be a weekend house. Does it make sense to do this and build equity…would that make it easier to get a loan for the kind of property in NYC that we would eventually reallly like to own and live in? We really need some advice! I would appreciate any! Thank you!