Rehab Funding Options

[Wesley Thompson]

Researching options to fund the renovation of a duplex in Chattanooga, TN. I want to make this situation as beneficial as can be, while also ensuring I'm getting the best terms. Here's a few options I'm considering....

- Personal Credit Card (11% APR and get airline miles with use, current zero balance and max is close to estimate of funds needed for project)

- Conventional Rehab Loan - Lender I've used in the past has current 144-mo @5.74 which is also the lowest payment option

-Hard Money - Higher rate and upfront cost, but might be good to start making those connections and building relationships

Anything else I should consider? I was thinking maybe of using the CC for payment for the miles and then using a loan to pay off the card. That way, I still get the miles and have the lower interest rate.