Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago, 09/18/2015
Financing on Home Renovations to Use as Capital Later On
Looking for some advice/guidance on this. I currently own a single wide sitting on about 1.2 acres of land. I just started the process of doing a total remodel/gutting on it and was wondering if anyone had suggestions on how I could go about getting financed for the amount to complete the project now vs doing it in small chunks as I can afford it. My credit is less than great due to a few setbacks last year but everything has been going smoothly since. The idea is to remodel it and then take out a mortgage on the home to help finance my first rental investment. I'd really like to just get it remodeled at once as i'm still living in it now. It is an older (1995) single wide and I am unsure if I have any other options at this point other than just piecing it out over the next year... any feedback is much appreciated!