Need advise on cash for Rehab - $35K for 2 properties in Atlanta, GA

[Anshuman Thakur]

Hello BP community

I am purchasing 2 padsplit properties in Atlanta, GA. Closing happening tomorrow. Its seller financed deal for 4 yrs, and $0 payment for first 6 months as we rehab and reset the properties. Based on rough estimates property will need $35K (across both) of upgrades. I am wondering what options I have apart from using my own cash to get this done. Please advise. 

- Should I take a personal loan ,, like car loan and let the property pay for itself

- Is there any type or property rehab loan that I can apply too?

I will appreciate all guidance here.

Best Regards

Ansh

[Kyle Wheeler]

Hey Ansh,

Congrats on locking in that seller-financed deal — getting 6 months of no payments is a solid runway to work with.

For the $35K rehab, you’ve got a few decent options aside from using your own cash:

1. Personal Loan
If your credit is solid and you can get a decent rate, a personal loan could work, especially since it’s a relatively small amount spread over two properties. Just be mindful of the monthly payments and how quickly you can get the units stabilized so the cash flow covers it.

2. 0% Intro Credit Cards / Business Credit
If you're comfortable managing risk, a few investors I know will use 0% intro APR credit cards or business credit lines to float rehab costs. Just make sure you have a clear plan to pay it down before interest kicks in.

3. Private Money
Since you’ve got equity being created with the rehab and no payments due for a while, a private lender might be open to lending short-term against the after-repair value. You could offer a 6-12 month term with a solid return, secured by the property or even unsecured if they trust you.

4. Rehab-Specific Loans
Hard money lenders sometimes fund rehab-only loans (especially if you’ve already locked in the purchase). The rates are higher, but they move fast and are used to these situations. If you’ve got a clear scope of work, you could pitch it as a quick in-and-out deal.

Personally, I’d lean toward private money or a low-interest personal loan, depending on your network and credit — both are faster and more flexible than rehab-specific lending.

Feel free to DM if you want help brainstorming structure — I’ve been down this road and happy to share what’s worked for me.