Fellow BP-ers,
I was interested in hearing from those who have used Small Business Loans (unsecured loans from Fannie Mae/Freddie Mac) to purchase their multiunit deals.  I would be most interested to hear about:
- ...

Says SSN may not be valid and to verify identity.I'm concerned that the tenant who is well-qualified is moving out, and the tenant who wants to stay is not qualified (the income concerns me, as well as Tenant 1 telling me on the phone that she's willing to help Tenant 2 which makes me think Tenant 2 really can't afford the place solo).Tenant 1 also told me that while the garage apartment is separately metered for utilities, the seller kept those utilities in his own name and has tenants venmo him for the utility bills.

The midwest is a great place for SFH's and if you know the market and where to look you can get cap rates and COC returns in the double digits.

Have any of you been involved in a project utilizing adaptive reuse and redevelopment? 

.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.

.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.

.- Let's assume the lot is already vacant and has already been purchased utilizing a lot/land loan. - The goal is an 18 month loan to complete phase 1 below.

The only problem is that it does not cash-flow due to the owner paying ALL utilities.

Or can you also utilize this strategy with loans and putting a down payment on a property?

Working with our agent to get a better idea on value there.Originally we wanted to find a way to utilize the equity for another purchase since we expect a decent increase in value but not sure which direction is the best way to go.