However, lenders construct second mortgages as either home equity lines-of-credit (HELOCs) or shorter term, higher interest rate, full disbursement mortgages for homes.When selling a home, a second mortgage, regardless of the homeowner's use of the funds, reduces the seller's cash received at the closing of the sale.

That will tell you what type of construction the specific industrial zoning will allow.

I‘m Open to all constructive criticism and advice as this is my first property.

The listing says pier and beam construction, not slab. 

Personal friend is wanting to come stay in our area and learn a little construction. 

We are based in Tampa, FL and are sick of the god-awful heat and influx of luxury apartment construction.

I am a bit hesitant to buy in a rental knowing that the value of homes may stabalize or begin to go back down soon.I would be willing to wait on a new construction to complete.

Hi BP Family,If I were to purchase a plot of land zoned for multifamily and then build a duplex, will the bank require a cash closing on the land and then a construction loan to build?

That's why I came here to get some feedback on it- we are still constructing our deal and the details of that deal.

If you have construction knowledge, that may be a plus for a value-add deal.Without any capital or experience, it is going to be hard to lock up a property, so my advice is to partner with someone.We do this occasionally with talented individuals who want to add value to the sponsorship.