Signature loan is a lot of risk to a lender, but then again, if you can get a 20k character loan which is most likely dependent on credit score and/or assets, then it has no collateral.

I would define local as within 2 hr drive.

I would donate 10% to my favorite charity/church.I would pay off any personal debt that I hadI would add to my emergency fund to have a minimum of 8-10 months reserves The remainder would then give me my foundation for determining which direction to invest and I would prepare a shortlist of my Top 3 prospective investments and then research each of them and their attributes and pick the one (s) that meet my defined goals the best.

I say well I'm trying to schedule showings, I have some other's looking so depending on that I'll get back to you to set a time. and either I decide to call them back or work with the next caller that has a more defined time line to what I need...

Scott McMillan True definately need to consider it,if i ever plan on getting a corporate job.Ceasar Rosas I never really explored the bronx but definately going to give it a look.Eric LiDmitriy Yeshin Im looking into nj as my first investment since i have a starters budget and nyc is on fire.So if i find a condo in nj that i want to rent out, to get a loan do i need to do the 20 percent down payment from a bank for a commercial loan since its a property for business.Second i dont have w-2 tax returns since my business is mostly cash,Would i have a hard time getting say an 80k loan even if i have a 25% down payment.

Interview some realtors and find one that you can work with to better define your goals.

It's a people game, find someone you can work and define some goals.

I had a loosely defined plan of living there until area rents rose enough to support the mortgage then renting it out.

Developing now then selling does not change the character of the deal, the transaction is still a flip and your profit is still ordinary business income.When you fill out Schedule C (1040) for your flip, the IRS will not let you recognize the flip acquisition until the year of sale.

Defining how you are investing is key in having people give advice.