I just listened to Reggie Brooks free Audio Report on REIClub.com. He mentions government grants for RE investors to rehab depressed areas. Has anyone ever had success receiving a government grant for REI. Thank you for your replies. .
Certain neighborhoods in San Diego will do low interest loans (1% simple) in redevelopement areas. However, they put deed restrictions on the property. IE: have to own or live in the property for 10 years or if you sell, sell to someone at or below the neighborhood median income which limits what you can do with it.