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Updated over 4 years ago on . Most recent reply

Shahidul Bhuiyan's profile image
Shahidul Bhuiyan's profile image
Shahidul Bhuiyan
  • Rental Property Investor
  • from Albany, NY
  • Member since Feb 7, 2016
  • Posts 1
  • Votes 0
  • Experience 8 Yrs
  • Investments 7
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Shahidul Bhuiyan's profile image
Shahidul Bhuiyan's profile image
Shahidul Bhuiyan
  • Rental Property Investor
  • from Albany, NY
  • Member since Feb 7, 2016
  • Posts 1
  • Votes 0
  • Experience 8 Yrs
  • Investments 7
Connect
Shahidul Bhuiyan
  • Rental Property Investor
  • Albany, NY
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Buying & Selling Real Estate

RENOVATION LOANS!!! - Looking for Ideas

Shahidul Bhuiyan
  • Rental Property Investor
  • Albany, NY
Posted

Hi All,

I just purchased a duplex in upstate NY for $70k. It needs about $75-80k in renovation. The purchase was funded by a HELOC that I have on my primary residence. However, I am now stuck with the renovation costs...I'm not sure how to fund. Should I get a personal loan, bridge loan, etc.?

The property ARV is $250k and I plan to refinance once the project is completed.

Any help would be helpful!!

Thank you,

Shahid

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