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Updated over 10 years ago on . Most recent reply

User Stats

65
Posts
26
Votes
Siddharth Shastri
  • Investor
  • Hillsboro, OR
26
Votes |
65
Posts

Running short on funds for Refinance

Siddharth Shastri
  • Investor
  • Hillsboro, OR
Posted

Hello All,

I'm planning to pick up a Duplex using hard money here in Oregon. Doing the numbers on finances it looks like I'll be running short by 15k when I have to refi the place in 5 months. Home Depot just gave me an offer of getting a 24 months 0% APR on the Home Depot Credit Card, on which I Was thinking of putting the fixup costs (20k) on that card. This would free up funds that i'd need to get the property refinanced 5 months down the line. Are there any other creative ways to make ends meet like a HELOC on an investment property etc.?

Would be great to have your thoughts on this.

Best,

Sid

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