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Updated 11 days ago on . Most recent reply

Tyler Manning's profile image
Tyler Manning's profile image
Tyler Manning
  • Wholesaler
  • from Atlanta, GA
  • Member since Nov 14, 2023
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Tyler Manning's profile image
Tyler Manning's profile image
Tyler Manning
  • Wholesaler
  • from Atlanta, GA
  • Member since Nov 14, 2023
Connect
Tyler Manning
  • Wholesaler
  • Atlanta, GA
4
Votes |
8
Posts
Private Lending & Conventional Mortgage Advice

Renovation Loans for Primary Residence

Tyler Manning
  • Wholesaler
  • Atlanta, GA
Posted

I recently purchased a home with an FHA loan and plan to convert the basement into a STR. I live in the property so it will be owner-occupied. I need to replace the carpets, add a shower door, and a mini kitchenette. I have hired a contractor and he has quoted this will cost me around $7000. What renovation loan options are available to me here? Which ones do you recommend?

Nashville, Tennessee
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Jeff Chisum's profile image
Jeff Chisum's profile image
Jeff Chisum
  • Lender
  • from All 50 States
  • Member since Jul 20, 2020
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Jeff Chisum's profile image
Jeff Chisum's profile image
Jeff Chisum
  • Lender
  • from All 50 States
  • Member since Jul 20, 2020
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Jeff Chisum
  • Lender
  • All 50 States
126
Votes |
223
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Jeff Chisum
  • Lender
  • All 50 States
Replied

Just get a short term unsecured loan.  $7000 wouldn’t be worth the refinance costs.

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