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Updated about 5 years ago on . Most recent reply

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Robert Collins
  • Rental Property Investor
  • Greenville County SC / Atlanta, GA
120
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What are some Strategies for when you run out of money ?

Robert Collins
  • Rental Property Investor
  • Greenville County SC / Atlanta, GA
Posted

So what are some good strategies that can be use when someone is working on a project & they run out of money to finish?

Like let’s say you purchased the property for fifty thousand cash

But you need another fifty for repairs for a property that has a one hundred and fifty thousand after repair cost

This would be a buy & hold , & wouldn’t be looking to partner with someone on the ownership, just want ways to be able to fund the repair

( This is not my current situation, but this is something I would like to learn different strategies that many of you may have done in the past )

Thanks in Advance

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

I'll answer that with a question of my own.

A man goes to the Doctor, and tells the Doctor, "It hurts when I raise my arm".  Do you know the first thing the Doctor says?

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