Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Where to find money when your project takes longer then expected?
I'm doing 6 big projects at the same time right now. 2 of them are complete and for sale, the rest are being remodeled. The 2 that are for sale took longer than expected plus one of them went over budget by $30k. That means there is no money left for holding costs and I know it will probably take at least 2 more payments before closing on them. That is creating a cashflow problem. What should I do? Should I find another investor or ask for more money to my original investor? What do you guys think?