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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Brad Van Epps
  • Lender
  • Grand Rapids, MI
3
Votes |
18
Posts

how do buy and hold investors pay for up front rehab

Brad Van Epps
  • Lender
  • Grand Rapids, MI
Posted

Wondering how buy and hold investors usually pay for minor rehab after they purchase properties. Jobs like paint and landscaping etc maybe $5k - $15k jobs. Do most investors pay cash out of savings when they buy these properties or are these financed in any way? In this example I am not thinking bigger projects like you might expect for the BRRRR strategy.

thanks!

Most Popular Reply

User Stats

404
Posts
542
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Corey Hawkinson
  • Rental Property Investor
  • Bloomington, MN
542
Votes |
404
Posts
Corey Hawkinson
  • Rental Property Investor
  • Bloomington, MN
Replied

@Brad Van Epps I’m a very small player in this game but I pay cash for those repairs. I try my best to avoid being over leveraged so I should always have cash for small repairs.

In one case I did use 0% credit cards (for 18 months if I remember correct) because I just couldn’t pass up that rate.

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