Hello Everyone

I'm new to the forum and I would appreciate any ideas for how to develop and use this property. I would appreciate any developers input but if anyone is from the NYC area that would be a bonus since yo...

GetSmart - The 203K or Home Equity loan are two that I am currently looking into.....thanks.If you know of other "Creative" financing methods, please feel free to share.

Being a little knowledgeable about real estate prompted me to expand on the idea of how to get one (real estate in New York is expensive) in a creative manner and having some knowledge about creative financing also prompted a larger goal (instead of an apartment how about a loft building with apartments for rent or sale).

Vinyl Commercial Tile will last well over 20 years.You can easily upgrade light fixtures to something with a little style; personally I prefer to install ceiling fan/light combos in bedrooms and livingrooms.

Although the deal didn't work out, I admire your ability to view it from a best/highest possible use standpoint---in this market, investors need to get creative with respect to value creation...Regards,Scott Miller

basically, "creative financing" makes that whole schtick possible.

(I know I am stretching the question a bit, but hopefully you see where I-and probably some creative people-are going with that!).

If it then works out that the house goes up or down in value just ignore its value unless you are willing to sell.Having a bedroom on the main level or other factors could be more important to your future happiness than trying to keep the value of the house under X% of your net worth.Flip it around.

The renovation and monthly payment are killing me.Or any other creative ideas.......make me an offer.

Get creative!