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Updated about 10 years ago on . Most recent reply

David Hobbs's profile image
David Hobbs's profile image
David Hobbs
  • from Chesapeake, Virginia
  • Member since Dec 26, 2014
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David Hobbs's profile image
David Hobbs's profile image
David Hobbs
  • from Chesapeake, Virginia
  • Member since Dec 26, 2014
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David Hobbs
  • Chesapeake, VA
0
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Starting Out

Financing for repairs

David Hobbs
  • Chesapeake, VA
Posted

I want to put the house I'm living in up for rent. It needs repairs that I can't afford. Any suggestions on financing. Mortgage is underwater. I can do a lot of the work myself but I need materials.

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Mark Gallagher's profile image
Mark Gallagher's profile image
Mark Gallagher
  • Flipper/Rehabber
  • from Allentown, PA
  • Member since Jan 11, 2011
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Mark Gallagher's profile image
Mark Gallagher's profile image
Mark Gallagher
  • Flipper/Rehabber
  • from Allentown, PA
  • Member since Jan 11, 2011
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Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
701
Votes |
1,100
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Mark Gallagher
  • Flipper/Rehabber
  • Allentown, PA
Replied

@David Hobbs what are you trying to accomplish exactly? You're going to go further into debt making repairs in order to rent a house that isn't worth what you owe on it? I don't see how this story ends positively. Let us know some more details. 

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