Are you sure the area can support a coffee shop, there used to be a pretty good one across from the court house that also sold trinkets that went out of business a few years ago.  

You do not spend $100k in the stock market on a stock someone in a beauty shop told you about. 

@Jay Hinrichs Account Closed The multi-family shop I worked for that had 20k+ units west of SLC used a GC out of Vegas for most big CA jobs, NorCal and SoCal.  

If the property will comfortably carry a 70% ltv, take the money out and go shopping.  

I shopped around with 3 different lenders and found they pretty much provide the same product/credit line (80% of Property Value - Existing Mortgage = HELOC $ amount).My question is if it makes any difference with which lender I open a HELOC with or are they all the same?

It may indeed be a bit higher, I had to replace 1x6 beams with 2x4's per new code regs.The tile was picked out from a local tile shop - its a 12x24 "Metropolitan Olive".

My genius award was awarded because I suggested to someone that they move an arms dealer in the same duplex as their drug dealing tenant so that the community has a one-stop shop for drugs and guns.In any case, I do know what I'm talking about and I'm sorry that you disagree with me.I would like to rescind my comment that she not live in her FHA OO residence the first year in order to avoid the possible risk of prosecution for mortgage fraud.

Go to the box store with a material list, shop, add the costs of what is needed, look at the bids, pick one.

Shop for something you can afford, and if your disciplined and save money every month you could in fact put the wheels in motion for owning your own home.Advise: If you credit is damaged find yourself a good "Partner" and offer them some experience and put some skin in the game... say cash for a down payment  ;) The numbers:2B/1B, 1275 SQFT Huge Detatched 2 car garage.Asking price 100KMarket price 120KWe bid 85K( Someone else bid)Changed our bid to 100KThey countered 102KWe drew a line in the sand and stuck to 100KGot credited 5K+2500K in closing.We settled at 95KPut 10K down and have a 85K loan @ 4.375The house needs 15K in repairs.The location is in the best part of town, has 6 schools in less then 2 miles.

I found a good spot in a shopping strip.