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Welcome to the site Dan!

You're going to have to find what's called a commercial lender. Standard lenders will not work with you most likely. In addition, you're going to have to guarantee the loan personally. As your company builds up its own credit rating (show steady income I think), it will become possible to get a loan through the LLC without your guarantee. :mrgreen:

I was wondering about zoning issues with land. If I found a parcel of land that was zoned for industrial or commercial and I wanted to re-zone it for residential purposes, what would I need to do. How long does the re-zone usually take? Is the process cumbersome?

I'd love to get some advice here, if possible.

Thanks for the info. I actually have been hearing a lot about this lately. Apparently, the tax assessors are taking notice of all of the improvements that are so hot of late. So, I guess all I can say is watch out for the tax man.

At the same time, if you get assessed at a level you're not comfortable with, try your luck with an appeal.

Okay - so the blizzard was not okay! I admit, I think the city looks great in the snow, but it is not okay to get this much.

Maybe we should get some sort of area for NY investors here.... hint, hint :groovy:

Hey Brent! Looks like the NY contingent is taking over. See ya in the city.

Found more good info for everyone. Read the following article to find out more on HUD foreclosures

http://homebuying.about.com/cs/buyforeclosures/a/hud_homes.htm

Hey all - found some good info I thought you'd find useful.:

From the USHUD.com Knowledge Center
[size=18]What Are VA Foreclosures?[/size]

Benefits of buying a VA foreclosure

1. No money down possibilities.
2. Instant Equity
3. No mortgage insurance ever.
4. Higher qualifying ratios.
5. VA will pay all closing costs (up to 6% in some states)

Understanding Veterans Administration Foreclosures
Homes designated as VA Foreclosures were last purchased with a Veteran's Home loan. This means that the past purchaser was a Veteran of one of the branches of the United States Military and that the previous mortgage was made possible by the Federal Government who guaranteed the loan. By guaranteeing the loan the Department of Veterans Affairs (VA) agrees to repay the Lender for all money lost by the lender in case the property is foreclosed on. It's a good deal for the Lender as their investment is 100% guaranteed. The Federal Government protects itself by charging each buyer of a VA mortgage a Funding Fee. The Funding Fee is a percentage of the mortgage amount and is helpful in several ways.

Because the Funding Fee is charged the Veterans Administration can allow the Veteran to purchase a house with no money down. By purchasing a VA foreclosure from the list of Veterans Administration foreclosures found on USHUD.com you can preceed with the loan as though you are a Veteran and buy many of these properties with no money down and without mortgage insurance.

Source: http://ushud.com/index/US/i/ushud/h/ushud/p/aboutva/pages.html

Its a book every investor - real estate, or otherwise must read!

"The Richest Man In Babylon"

also, check out "Thin and Grow Rich" by Napoleon Hill

Pam - go where the money is. If you can't find a deal in your area, go where you can find one. Just make sure you have people you can trust where you are looking. Hire a management company to take care of any properties you buy - but do extensive interviews first.