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Updated about 9 years ago, 10/08/2015
Newbie investor in a pickle
I bought a vintage 4-flat in a rapidly gentrifying area. It has taken 9-months to get building permits for my gut rehab! My municipality is demanding changes which, in essence, is turning my project into a new construction project and I am going broke with two mortgages and no tenants. I've gotten behind on my new mortgage and current mortgage and it's a long way to completion (4 months), and my credit has been negatively impacted. What should I do? HELP!!! My dream is turning into a nightmare.