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Updated over 9 years ago,

User Stats

5
Posts
0
Votes
Eoin Matthews
  • Vendor
  • San Francisco, CA
0
Votes |
5
Posts

financing between upgrades and selling

Eoin Matthews
  • Vendor
  • San Francisco, CA
Posted

Am wondering how to start working on my next deal now that I'm finished with renovations/upgrades on my current property but it isn't yet on market. Listing + closing + getting the money will take another 2 months (minimum). Have my eye on my next deal and (since I'm not an agent) there's not a ton for me to do in the sales process of the current property. Bunch of questions:

a) How are BP'ers generally handling the period in between renovations and selling? 

b) Do you sit it out waiting for your next capital injection from the sale? 

c) Are you budgeting for staging? Out of your own pocket or is that financed?

d) Or do you have separate financing to move onto the next project before the current one sells?