Small Loan Options

7 Replies

Hello

I have purchased (no mortgage) a single family home.  I used cash for the purchase and the rehab due to my credit.  I have exhausted my funds and need an additional $4,000.00 or less to complete the project and pass inspection.  This is a buy and hold property.  Does anyone have any suggestions on where I can borrow the money from to complete the project?  

@Kizzy Robb if you're actually looking for the name of a lender, you will need to post in the Marketplace.

For only $4000, though, there are a number of sources.

  • Credit cards and credit card cash advances
  • Personal loan from a bank or credit union
  • Sell something
  • Borrow from friends or family.
  • Online peer to peer lending sites.

Jon - Thank you.  I will do that.  I have exhausted some of those options and others are not an option all together.  I will look into the online peer to peer lending sites.

@Darren Eady great support sir. 

To echo what has already been stated, personal loans. Credit unions are great for this. Gritting my teeth as a dare to say, hard money loan for the repairs and negotiate fiercely on the points. 

But, I take it at this point you might be a little desperate so, don't make are brash decision, hold true to your strategy, if in fact it is still applicable. 

Keep us posted.

@ Darron - Thank you, I've sent you a request to connect.

@ Davon - Thank you.  I appreciate the support and advice.