I might if I coould get HUD to designate it as HUD senior housing. 400 retirees with their rent paid by the government, I could deal with.10 units all with homeless for tenants?

The government spent billions of dollars to bail out the banks in hope to stabilize the financial infrastructure so bank would start lending again.

My partner and I are always looking to stay abreast of new changes or additions to laws that govern us and affect our business.

If there was some sort of interest rate buy-down based on some government program, there might be similar provisions.At the very least, the mortgage interest deduction is in a different place on your tax return.

I suspect that the gold investment and real estate investment (as a hedge) are two different motivations at the current time.The gold bugs are buying because they have no faith in the dollar, or in the US government's ability to controll the economy.Real estate is a hedge against inflation, so real estate will follow when interest rates go way up.

Here are the details: House list price: $49,900 Estimated value from Zillow: $160K Similar homes in the area have sold for $90K- $130K in the last 90 days Rehab cost: $15K-K20K max Good thing about area is its in a "revitalization" area which means there are LOTS of first time home buyer intensives from the town and state not to mention the government ones.

I keep hearing about people using bailout money to rehab and reposition commercial properties. Is this actually happening? If so, how do I go about securing these deals? Thanks, in advance, to all those who respond :D

Realtors are governed by state laws and also state, local, and national associations.

Better off saving cash and doing little to no money down with owner finance if the loan is called in 5 years and save 30% down.The best loans I see for commercial is 10 years fixed where they will loan 75%,you put down 10%,and the owner carries back 15%.Cash is king right now.It's amazing the government expects a recovery with little to no financing out there.When values can't almost fall any lower they won't lend but when a bubble was happening 100% was all over the place when they should have started pulling back.The government is always backwards in their thinking.

My answer to the question in the body of your post is "Yes, I agree that sounds too good to be true".Not sure how these two answers are related, but I'll help out if I can...