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Updated over 7 years ago on . Most recent reply

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Arthur Rivera
  • Real Estate Agent
  • Farmington Hills, MI
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A family with grit, that doesn't want to quit!

Arthur Rivera
  • Real Estate Agent
  • Farmington Hills, MI
Posted
Hello Bigger Pockets, I am fixing up our old house in Detroit dated 1916 a couple miles south of the Ambassador Bridge (Mexican Town), I took out 60% of a HELOC which comes to about $20,000 for Rahab which is 90% complete I also used part of the funds to slingshot us out to Farmington Hills for our new primary residence. I'm running out of time & money. It's been hard because I am renovating it myself along with my wife and our three kids four, two, years and a 6 month old for the past month which has been pretty grueling to say the least. I am on the fence about either selling the house and the only reason I'm thinking that is because I know fall is harder to get a renter. I really could use some words of advice if anybody in the BiggerPockets Forum could chime in, it would be greatly appreciated. I do have more details but I didn't want to write a short novel ;-)

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

OK, so it sounds like you are done with the expensive stuff. Paint is cheap, and if you DIY it the labor is "free". Sounds like you just need to take a deep breath, get your second wind and finish this marathon!

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Skyline Properties

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