Investment Repair Loan Help

[Natalia Anglero]

I've been the owner for 2 years of a 1920s single-family investment property.
The property is in need of a new roof and HVAC system, as well as several other necessary repairs. My current focus is on identifying the most suitable loan option to fund these essential renovations. It's worth noting that I initially acquired the property through a conventional loan, and I intend to tap into its equity once the renovations are finished.

Please share your advice on renovation loans.

[Carrie Matuga]

@Natalia Anglero, 

Are you thinking of tapping into the equity to fund the renovation or a loan for the project and then a refi? Depending on where you are in terms of interest rates, it may be worth it to do a HELOC and tap into the equity now to fund the rehab. IF you want tp talk more, please DM. I've done quite a bit of renovating on my properties but I had a construction bridge loan that I refinanced into a DSCR when everything was complete.