Achieve new income streams with existing storage units and laundry room.

Specifically looking for MFRs, SFRs, storage business opportunities. 

Hi @Nick Hammen, if I were in your shoes I would look to use a construction loan with a commercial lender that rolls construction costs into the total loan. 

We work with campuses providing summer and study abroad storage and shipping.

The apartment will include partial furnishings, underground garage parking, basement storage, bike storage, and utilities included.

@Saji Ijiyemi Essentially the substitute purchaser steps into the shoes of the high bidder... except in the case you describe not only would you be responsible for the high bid plus applicable buyer's premium (e.g., $100,000 high bid with a 10% buyers premium = sale price of $110,000), plus all the costs and expenses outlined in the auction terms, you would also be responsible for the assignment fee which would be paid to the original buyer/assignor.

The garage will be used for mountain bike storage and as an area to work on them.

If I were in your shoes this is what I'd do: 1. pay off the 17% credit card.  2. find an online high yield savings account to dump the remaining  $9,300 into.

If I were in your shoes, I'd just asking them the details, and say "I'd rather hear it from you ahead of time, before running a credit/background check as that costs $$."  

If you guys in our shoe, what you would do with this property ?