How to raise money for renovation only for a flip property?

[Hira Bakhsh]

Hi Folks,

I recently closed on a flip property in San Francisco as a conventional loan. Now looking for renovation loans for rehab. Any suggestions on how to raise money/get loans for rehab only would be greatly helpful.

[Darius Ogloza]

Yeah, what you are hearing is what I understand is pretty much universal - HML's want a first position (and who can really blame them?).

Is there a friends and family network you can tap? a HELOC on your primary or on another investment property? I have used all three methods in the past.