Financing / Paying for Contractor Work BRRR

[Anthony Simboli]

Hey all,

I'm currently in a unique "BRRR" situation for my new property. Unique in the sense I renovated one unit and will now be living in that for 1-3 years. The renovation in the 2nd unit as well as some outside work (carport/driveway) is work that I have not done before (ceiling replacements etc.). So I've opted to get bids from contractors.

As I wait for the estimates, I'm curious about suggestions for the financing portion of it. I just purchased the house in April so I'm not looking to refinance. I have cash but also do not want to deplete all my funds. I have a strong 401k as well. Open to any suggestions. 

Side note, plan to purchase next property within the next year to year and a half so would like to keep that in mind as I plan out the financing. Rough estimates so far are in the range of $25k - $50k.

Thanks!