Hello everyone. My name is Keisha Way and I would love to invite you along our journey through the heartache and happiness of renovating a home.
We are purchasing a home that was nearly fully gutted and we are about to embark on a long, arduous, uphill trip of making it our dream home. All while living on a poor man’s budget.
We have chosen to start this trip by financing through the seller to begin. Luckily we have found a seller that is willing to do so. This will start out as a 10 year loan with the descending interest fee schedule that is common to home loans. The seller will make the most of their interest in the first few years with little of the money going toward the principal of the loan. This will ensure the seller gets what they plan on getting out of the home if we are able to pay the loan off early. This is a great option for us because we are currently under two other homes at the moment. We have a flip home that is very near completion, as well as our starter home that we are currently living in and have a mortgage on.
This setup is rarely an option while purchasing a home and we are so very grateful to have run into such a situation. Good thing we have a great realtor on our side in Carla Saccomano. It was truly a godsend that she had the foresight to offer this home up to us knowing that we have the gumption and the experience to make this disaster a beautiful abode.
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