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Updated almost 4 years ago on . Most recent reply

User Stats

30
Posts
8
Votes
Davis Stoner
  • Investor
  • NE PA, N. NJ
8
Votes |
30
Posts

Funding a remodel options???

Davis Stoner
  • Investor
  • NE PA, N. NJ
Posted

I recently purchased a small multi family property. 2 units were turn key and they are rented. 1 unit I am funding the rehab for and that is almost done.

But there is a separate building with 2 unfinished 1Bd 1Ba apartments. My estimate is that it will take between 50-75k to get them both rent ready. 


I wanted to see what everyone's thoughts were on financing the rehab? I do not have enough cash to fund everything, and I don't think there have enough equity in the home to take some money from there. Hard money is definitely an option but does anyone have any other possibilities to explore? 

Most Popular Reply

User Stats

30
Posts
8
Votes
Davis Stoner
  • Investor
  • NE PA, N. NJ
8
Votes |
30
Posts
Davis Stoner
  • Investor
  • NE PA, N. NJ
Replied

@Jason Shackleton Thanks. Thinking of taking out a credit card and financing that way. Can probably get a promo 12 month 0% apr card. Is that what you’re referring to, “credit card stacking?”

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