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Updated about 6 years ago on . Most recent reply

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24
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4
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Chris Shelton
  • Real Estate Professional
  • Fayetteville, NC
4
Votes |
24
Posts

What is everyone using to fund rehabs?

Chris Shelton
  • Real Estate Professional
  • Fayetteville, NC
Posted

Going to be jumping into my kitchen and bathroom remodel here pretty soon and I just wanted to see what everyone is using as far as funding goes...credit cards, loans, etc. 

Cheers BP!

Most Popular Reply

User Stats

624
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336
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Tanya F.
  • Rental Property Investor
  • Madison, WI
336
Votes |
624
Posts
Tanya F.
  • Rental Property Investor
  • Madison, WI
Replied

Start by signing up for a bunch of new credit cards with 0% promotions (like 5 of them). Pay the minimum as long as 0% promo lasts - usually that's a year. We used those to fund most of our project at the start. Then get a HELOC to pay off the 0% credit cards as needed once the 0% promo period ends. Also use the HELOC to pay contractors who don't take credit cards.

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