When it rains, It Pours

[Gabriel E. Galloza]

Hello BP Community, 

Hope all is well! I recently Purchased a Duplex utilizing an FHA. The Property is a fixer upper, and as I'm slowly fixing it, more issues are arising. when I initially Purchased the Property, the Home inspector I utilized told me the roof had 5 years left, and when my contractor went up there to fix the fascia today, we realized the roof needs to be replaced ASAP. I Don't have many reserves ATM, and it seems like the more i try to accumulate reserves, the more issues arise.

What is the best way to obtain a loan for home improvements? I qualified for a personal loan, but the APR is pretty high (27.97%) is there another way to obtain the loan at a lower APR?

Thank you in advance for your responses, greatly appreciated!