Not sure if he underbid the job or made a bad business decision or gambled ot away.

Vacant commercial properties are a gamble for lenders.

I just joined Biggerpockets and thought I'd quickly introduce myself before spamming the forums with all of my questions.I'm Alexia and I'm from Europe, more specifically from Belgium.

(choose Allow Group Leader to send You Messages, or whatever it's called, I really only message when posting a new event, no spam )

My goal for the building is to turn put Gambling machines, ice cream and pizza place (bringing back a dead mans legacy of our towns most unique pizza in his very own building).  

Counting on house value appreciation is a gamble, but as long as you know/can accept that risk then by all means go for it.

I have tried angis list but im getting a ton of spam.

It could appreciate but I consider that gambling.

It's a gamble.

So here's the gamble: I hold onto the $$ until this bubble pops and buy back in at the bottom (in my area, 36500 would be two down payments on two solid rental properties in a "normal" market).