Where can I find money for a remodel?

[Mckenzie Mckean]

I have found a house that I would like to bid on at auction and use the BRRRR strategy. I think I can buy it for $150k and the ARV once fixed up would be around $320k. We can afford to buy it using our 2 heloc loans. However, we won't have money to do the remodel right away. I'm looking for suggestions on how to finance a remodel after purchasing the property with our own money.

In addition, we have planned to be out of the country for the next 4 months, so if we bought it at auction on Monday, we would not start renovations for another 4-5 months. For this reason, we don’t think it’s the right move to use a hard money lender for purchase and remodel because of our slow start to beginning the remodel. I’d love any feedback on ideas to finance the remodel. TIA!!

[Eduardo Conde]

Why can't you wait to get your HML after you return and just secure the property using the HELOC?