Thanks
Hi, Well I didn't expect all these answers but.... The SBA is Small Business Administration. No they do not give loans for real estate. But I am opening a restaurant. I am multi talented ..LOL :lol: Well lets see he had a contract with the city but they changed their mind. he does not want to be a landlord. the units are not occupied. he does have 4 people moving in and one of the store fronts. I want to use the other store fornt for my restaurant and maybe the other for my office. I have big dreams..LOL I think BIG ..Maybe thats my problem. The SBA is giving me 200k for the restaurant(well I have to go to National City Bank to apply with the guarantee form the SBA) I haven't found any hard money lenders for ohio on here. I actually haven't found much for Ohio as far a smentors or contacts. but this site is still Great. As far as the numbers go. In the area the store fronts rent for 800-900 dollars. The 3 1 bedrooms rent is 400 and the 3 - 2bedrooms are 500. This is common for the area because it is in the city of cleveland not a suburb. The taxes run 10k a year. I work for a bank(go figure, but they are strictly A paper. My credit score is 575) I am working to clean it up. I have been writting and disputing things for a yr now. But the property can gross from 52800 to 65000 a yr. Which isn't bad for a 6 unit building. Thanks Guys :P

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Robbin,
Look past the potential gross. What will the property net? After debt service, what will be your cash flow? Your business decision should be made on cash flow