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Updated over 2 years ago on . Most recent reply

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8
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11
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DaVina Williams
11
Votes |
8
Posts

Best Rehab Financing Strategy

DaVina Williams
Posted

Acquired my 1st Investment Prop. It needs some work & I'm trying to choose the best financing strategy. Hard money? Small Business loan? It is held by my LLC so I've been told that a HELOC is not an option as it's a personal mortgage product.

Are there other financing options that I’m overlooking? Can you share any suggestions, opinions or experiences? 

Thanks in advance

Most Popular Reply

User Stats

470
Posts
350
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Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
350
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470
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Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
Replied

Jason listed some really good options. As an aside, if you plan to hold and refinance after the rehab do not use credit cards as a high utilization will drop your credit and make the refi difficult and expensive. 

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