My wife and I are jumping into REI by hacking our own house. We have a two-story (2200 sq ft above grade, with a small unfinished (600 sq/ft) basement in the burbs of West Omaha. Planning to add a kitchen upstairs/enlarge our bathroom on the main floor/finish the basement (including adding a small kitchenette)/add dedicated entries for each unit, etc. Our family (myself, wife and 2 kids) will live on the main floor and rent the upstairs and basement. Any recommendations for how to finance the remodel (we're leaning toward a HELOC) and/or a good contractor that you've worked well with in the Omaha area would be GREATLY appreciated! (And any other recommendations/things to watch out for/avoid)...
@Jed Burkey Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 😁 I would suggest talking with a lender and CPA for best options. And I have heard the local credit union are better.
@Anthoney Hanks , thanks for the response! I’ll have to look into to rates at some credit unions to compare too. Thanks again!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you