Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 20 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
N/A N/A
0
Votes |
1
Posts

Running out of time and money

N/A N/A
Posted

I purchased my first fixer-upper in Feb. I had a contract to sell it in August. The contract fell through.
Now, I'm running out of money to pay the mortgages on both my primary and the fixer and all of the bills. :violin:

I've got 150k+ equity in my primary, and 110k+ equity in the fixer, but not enough income.
Are there loans out there to float me for a few months until the house is sold? Are there other options? I've checked with my bank, but they won't increase my HELOC without the income to pay it. Is hard money an option? I've listed it with an agent, for sale or rent, but the market seems to be on pause.

And, the denied purchaser is claiming that they deserve nearly all of the Deposit/Escrow money refunded. :badwords:

Any help or advise would be appreciated.

Loading replies...