Buy close to working markets here and CT and close for you to be convenient if you need to commute into the office for work.

Hello, I am currently looking at a Commercial Office Building in South Bend Indiana.

With the fixed rate the cash flow is very low after all expenses but I don't care much about that. 5/1 loan officer opinion - You will refi in 5 years and pull out more cash so not worth paying extra every month for principal30 year fixed rate offer opinion - when the rates are low it's not worth doing the 5/1, rather lock in a rate and doesn't believe in paying so much in points.I would appreciate any comments and advice from the more experienced.Thank you!

You'll most likely need to pull a plat of the land from your county office.

However, the 203K loan is a specialized loan that will beat you up and spit you out if not done by a loan officer that only does those loans.

Check with your local building inspectors office to see what the actual property is, check to see if there have been any permits maybe to increase it to a 3 bed.

Just don't know which one would look better to a loan officer.

Then I became a NYPD Officer and then a City Fireman.

Just don't know which one would look better to a loan officer.

I'm currently working full-time in the military (National Guard) as an Operations Officer and loving it.