So, I would focus on building up some reserves with your existing business to help build your RE business.

Maybe what we want does not exist.

If the target tenant for these properties were people making 60 or 70 grand a year, I would agree completely because those jobs just don't exist in N.A.

I was unhappy- the appraiser said she'd finish the report up using 2200 sq ft, but they'd need the permits (which don't exist)-- we're now talking to the county about getting the house inspected and getting it squared away but it's turning into a nightmare.

When you buy an existing building, you are buying existing CF – banks like that.

You can then just pay him the payments, he keeps his existing financing there, plus makes a little extra, and you do not need to get new financing.

Deal specs - existing commercial building has 2 floor retail, great long term tenant who wants to stay.

Deal specs - existing commercial building in great mixed use area, retail first floor, 2-3floors apts above.

Another possible play is finding out what it would take to bring the loan current and purchasing the property subject to the existing debt.

Another indicator would be the cost of equivelant brand new homes compared to existing homes.In my area, it is still easily cheaper to buy than build.