If I qualify for resid loan, how can I buy a cashonly ‘commerc.zone’ property?-has 1 office & 1 house in deal?
Jul 31, 2009
in
Commercial Property Loans
I qualify for residential loan and I currently own a home..someone said I could use the equity…I’m new at buying a commercial property and I simply want to use 1 of the buildings for an art gallery and the other building as a small house…the other building is already a "house" w/ bedroom, kitchen, bathroom, etc. The property is in Harris/Houston…they have very few zoning restrictions as it is.
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3 comments
Landlord on July 31, 2009 at 7:08 am
You would need a commercial loan, a residential loan would never close on a business. Just because you qualify on the loan does not mean the bank will approve of anything.
Steve L on July 31, 2009 at 7:08 am
Talk to your local Banker. He is nore knowlegeable as to your situation and he has your best interest at heart
Helen on July 31, 2009 at 7:08 am
Hello,
I live in the US and i really have never seen goodness shown to me this
much in my life as i am a struggling mum with three kids and i have been going
through really rough times in my life and my name is Helen
Peters and in all this hard times, a worse incident occured in my life as i
lost my job which was my only means of survival and things became really bad as
i had bills to pay and my last son suffered a knee injury incurred when he fell
from a tree house and the doctors informed me that he needed a surgical
operation for his knee so he could walk again and at this point, life was
useless to me as i have no family and no one to run to and each night, i will
sit down and cry till the break of dun until one day, i read an advert on yahoo
answers of man that stated that he could help people in my shoes with loans and
in my desperate situation, i had no choice but i had to try and so shocking and
suprising, it was like an impossibility becoming a reality, i got a loan of
$75,000 USD even with my bad credit within 48 hours and my sons surgery was done
and thank GOD it was successful and now, i am okay and living in comfort with my
kids and i said to my self, i have never ever seen this kind of wonder in life
and i decided i will tell it to the whole wild world and i need every one to
thank GOD for Mr Patrick Harvey, the man GOD used to rescue me and my family
even when all hope had been lost and gone and i will say to every one, no matter
how dark and sinful the world is today, there are still GOD fearing and reliable
people on earth and if you are in my former situation or require a loan
legitimately, i will advice you contact this loan lender and you can reach him
via patrickharvey12@yahoo.com and i want you all to pray for this man for me.