5 mortgage free properties left in inheritance
Hi, I need some help. I have 5 properties left to me after my father passed away. However, 3 need major repairs, new kitchens bathrooms, insulation, plumbing you name it it probably needs work. I was raised in a cash house hold and we very rarely ever used credit so I have no credit because I was raised with the if you can't afford it you don't need it mentality. That being said I also have no debt. I know if I want these properties to succeed I need to change my feelings on debt but because I have no credit I'm having a hard time financing. How can I finance what looks like potentially 100k worth of work on these properties? I would prefer not to have to sale.
I've thought about getting a credit card or a small loan to build my credit but I also have 1 property that most of the major work is done. It just needs some rather expensive finishing touches and I am out of cash.
Thank you for your time!