Commercial Construction Loan - What do you think the chances are of obtaining a construction loan to rehabilitate and stabilize the property.

According the HUD website the loan can be used in the following ways:Eligible Activities:The extent of the rehabilitation covered by Section 203(k) insurance may range from relatively minor (though exceeding $5000 in cost) to virtual reconstruction: a home that has been demolished or will be razed as part of rehabilitation is eligible, for example, provided that the existing foundation system remains in place.

Complete rehabilitation of both units.

I can see owning a complex snowballing into something far larger.I don't want it "all" but I would like to live free and provide for my wife so that she can start her dream business of animal rehabilitation.

AEA Enterprise LLC, Eagle’s Nest Homes Colorado LLC & Metro Homes We Buy are a Colorado-based real estate, management, development & service company that engages in diversified real estate investments as in apartment rentals, home rehabilitation, house flipping business to include consulting,Military service disabled veteran owned business

So a little bit about what we do is we work hand In hand wIth home rehabIlItators In the area that specialize in finding and restoring homes.

My primary interest is to start a luxury residential rehabilitation business.

Are there any readers of this forum that have used "Federal Tax Credits for Rehabilitating Historic Buildings".

Then, after you invest in its rehabilitation, you sell it at a moderate price.

We also just landed the football hall of fame museum opening in 2013 which will be a newly built 55 million dollar project on an old parking lot.The belt line will rehabilitate large areas of Atlanta.So you can pick up gut apartments for 4k a door and put 3k a door in.40 doors for 160k,120k rehab.280k going in.450 X 40 = 18,000 X 12 = 216,000by 2 = 108,000 NOI at 10 cap stabilized sell price 1,080,000As the area gets revitalized rents will improve but I didn't count on that for this basic calculation.