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Updated almost 2 years ago on . Most recent reply

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Carlos Carrion
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15
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Rehab creative financing for a rental

Carlos Carrion
Posted

I inherited a property this year and it is paid off. NOT interested in selling it. Any advice or recommendations on how to raise capital in order to fix it and rent it with no money down? Can I open a HELOC to fix the property?

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Eliott Elias
  • Investor
  • Austin, TX
5,558
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Eliott Elias
  • Investor
  • Austin, TX
Replied

You can take out hard money and use the properties equity as collateral. I’ve done this with no money down.

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