How to complete a major repair and purchase within the same year

[Latoya T.]

Happy Wednesday

The Issues are 1) I have a a major repair to pay for of 50k. 2) I want to buy a 4-door and 3)I want both to be accomplished this year. I am not sure of the order in which to accomplish this or the best method to finance the repair. I would prefer for the loan to be under my business instead of directly under my name. I do have a credit card and the title of a property under the business name.

Should I fix the repair first and then purchase? I wonder about the affect on my credit to get he 4 - door. I intend to use a prop Mgr so that cuts the profit already.

How should I finance the 50k repair? Options that come to mind are refinance my personal home? Rental HELOC? Business loan? I want to make sure I'm exploring all options. Does a heloc look better than a personal loan when purchasing a property or is a loan a loan. I figured let me ask the professionals. Thank you in advance