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Updated about 9 years ago on . Most recent reply
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Commercial financing
I may or may not have a down payment, but the building I would like to purchase will be a great investment and profitable, I would like to make this building into a upscale rooming house with a beauty salon and coffee shop on the first floor, with at least 8 to 10 rooms, the building has a parking lot, price is $175,000, but I am estimating the rehab to be about $150,000 and to furnish it another $150,000, is there anyone that can give me some advice on this project, a contractor will be letting me know how much it will cost to rehab and the owner is willing to negotiate the price