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Updated 11 days ago on .

John McCormack's profile image
John McCormack's profile image
John McCormack
  • from Delray Beach, Florida
  • Member since Jun 4, 2013
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59
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6
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John McCormack's profile image
John McCormack's profile image
John McCormack
  • from Delray Beach, Florida
  • Member since Jun 4, 2013
Connect
John McCormack
  • Delray Beach, FL
6
Votes |
59
Posts
Personal Finance

Best Loan Product for Renovation for Rental

John McCormack
  • Delray Beach, FL
Posted

Situation: I have a 3/3 townhome located in South Florida that is paid off and owned by family member. The purpose for this property will be to supplement their long term care. I'm estimating around $75K for the renovation. If it were to sell today it would probably sell for the $300-330K range.

What would be the best loan product to get this done. Feel free to call out the pros/cons of each. Maybe this is pretty simple answer but I always appreciate the depth of knowledge of BiggerPockets! Thanks much in advance.

Fort Lauderdale, Florida
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