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Updated almost 6 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Jasmine Coley
  • Realtor
  • Baltimore, MD
1
Votes |
21
Posts

Purchased a house cash now I need rehab funding

Jasmine Coley
  • Realtor
  • Baltimore, MD
Posted

I need to know who to talk to and what steps to take now that I purchased my first investment property that needs work done. I’m mostly concerned about how to get the financing to get it up to livable conditions .

Most Popular Reply

User Stats

230
Posts
169
Votes
Sharon Rosendahl
  • Investor
  • Stanwood, WA
169
Votes |
230
Posts
Sharon Rosendahl
  • Investor
  • Stanwood, WA
Replied

As J says refi, credit cards, heloc on your personal residence, hard money, loan against a paid off car, loan from your 401k fund, loan from family (I don't like to do business with family but...), sell something like a spare car, jewelry, etc, rent your current house and live in your rehab and use rental income to fund construction, personal signature loan. That's all I can think of right now.

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