Investor · Sykesville, MD · Member since 2013 · 19 posts · 1 vote
I have a house in Maryland that I just moved back into. My ex got to live in it for the last 3 years under the divorce terms. During that time she trashed it a bit. My realtor tells me once fixed up it will sell quickly because my area is starving for inventory. I got estimates on the fixup needed and am looking at $15-20k. Any suggestions on getting that much money when I already own the house and am living in it? It's going on the market June 1 so I need to move on it.
Hard money is expensive and I would avoid it if you can. How's your credit? If it is decent and you have equity, I would look at taking out a home equity loan. Have you looked into that?
It will be hard to get a hard money loan while you are living in the property. Hard money lenders want to loan on properties that are being used for a commercial purpose.