Posted by Rich on December 22, 1998 at 18:57:33:
Since nobody responded to my previous inquiry, I decided to return to my local bank. They suggested that I get a tenant to rent the property, contingent upon me completing the renovation by a specific date. I said if I get the money, the property should be ready by April 1. The banker said, if I can get a signed lease, the bank would loan me the money to complete the renovation and I wouldn’t have to make payments until the tenant has moved in. Any thoughts or ideas are welcome. Thanks. - Rich