There are people paying their taxes on their credit cards and borrowing from their 401k's (taking the penalty) in an attempt to keep the balls in the air.

It is certainly not intended for strip malls, retail space, office space, raw land, etc, etc, etc.Mike

Likewise, a project could contain a row of more than four attached townhouses and be eligible for Section 203(k) because HUD considers each townhouse as one structure, provided each unit is separated by a 1 1/2 hour firewall (from foundation up to the roof).Similar to a project with a condominium unit with a mortgage insured under Section 234(c) of the National Housing Act, the condominium project must be approved by HUD prior to the closing of any individual mortgages on the condominium units.How the Program Can Be Used This program can be used to accomplish rehabilitation and/or improvement of an existing one-to-four unit dwelling in one of three ways: To purchase a dwelling and the land on which the dwelling is located and rehabilitate it.

We have been able to negotiate with several local banks to receive their REOs on homes and land.

Call them and ask to be connected to their Land Development or Land Acquisitions Dept. that services your area.

One difference is the price of the land, which would not have to be rebuilt.

The deal consists of two buildings on one parcel of land: a triplex and a duplex.

i know this may seem like very little money for my plan but please remember that i already own the land and it is zoned commercial...

Look for the treasurers page or it could be disquised on the home page as "housing division properties", or "land sale auction", or "tax forfitted land", you get the idea.

From experience I made a really low ball offer in dec of 2006.