Creative Rehab Financing

[Andy Camarda]

I'm part way through a rehab on a 2 flat that I am converting into a 3 flat. I ran into a lot more issues than expected and am going to be a bit short on cash to get this done. The plan was to do a simple BRRR, I'm using a combo of cash and a HELOC on another property to fund it. I need to find another $25k to get the property over the hump so I can rent and refinance.

Any suggestions?

Some things in the works:

Buying the appliances on a zero percent apr credit card

Financing from one of the contractors

Doing as much work as I can myself

Asking the bank for a higher HELOC

Finishing the 2 units and renting them out to finance the additional unit.