Look into a 203k, FHMA HomeStlye, construction loan for home improvement loans.

If the guy out of the company is needed as the construction guy or any needed element for the business, contract the service prior to the loan so that his abilities are considered in the deal without involving him with the lender

Bridge Loans, Condos, Construction Loans, Foreign Nationals.

Send ads, business cards to City & County Inspectors: Code violations and red tags.

We have a very high majority of renters and we have a severe house shortage, Geneva population has a growth of 8% for the last 5 years with only a 3% growth of the houses number, it's a political issue since most construction projet in Switzerland are approved in 2-3 month when in Geneva it's 2-3 years....

Thx Karen and Jenn for your constructive feedback, I appreciate it.After more thought I am approaching this property with a buy as is strategy and the conversion on the exisitng Cafe into my own Laundrymat is not so much in the picture at this point.3 residentials mixed with 1 commercial unit I think is a good way to get my feet wet on the commercial side.thx again for all your feedback!

I'm now working on a name for a construction company, but just starting on that.

Then we also tried to get a construction loan for a house we are planning and paid the bank for another appraisal, but the loan was eventually denied.

Marvin, if it looks like you will shortly have lots of construction and multifamily homes right next door, when he says your value may be "severely reduced," he may be right.

Two short answers: the people living in them (some refer to the occupants as "trailer trash", whether that is accurate or not), and the construction of the house (construction used in mobiles is considered inferior to non-mobiles).