Funding 1st investment property
Hello everyone,
This is my first so bare with the nonsense,
Me and my father own a Roofing/construction company
Being as we are only several years old our business has no credit, our personal credit isnt very good either.
Now we recently purchased a residential property that needs extensive work.
Purchased very well under market value and also considering we will do just around 80% of the work on the home, we hoped to have enough hard money to invest in the home to get most of the work done. Unfortunately we werent,
So now were scattering trying to figure out ways to fund the project.
Credit cards seem to be out of reach and quite possibly a loc as well. I currently bank with bmo
And was wondering if there was a way to fund this project with a loan or is there another way to get a loc.