Mixed Use Investment Property Face Lift in New Hope PA Help Request

[Yitzchak Eliezer ben Chanan]

Hello,

I have a property that I am giving a face lift to (siding, new windows, partial roof, and new flooring. I am debating on taking a 2nd mortgage out or paying in cash to fix it. After the fix I want to put it on the market so I can pursue other real estate opportunities. The tenant in the apartment above the storefront is staying and the current tenant in the storefront's lease is up. I can cover my mortgage but are there other ways of financing this project without burning my cash reserves? Also, in terms of flooring for the storefront what material would be best in terms of money and quality? I appreciate any advice and guidance on the matter. 

Best,

YbC

[Sheryl Sitman]

Hey @Yitzchak Eliezer ben Chanan I happen to live in New Hope and invest in other areas.  I run a large group of Philly area landlords who may have some ideas for you. Feel free to reach out for that.