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Updated almost 9 years ago,
Good options for funding a rehab project
My wife and I are on the verge of selling a sfh that has been a rental property for about 5 years. We want to put some money into it to increase its value--probably $50-60k. We have approximately $100k of equity in the house as-is. We have about $100k of equity in a different investment property as well. What are our best options for a low-cost, short-term loan for the rehab? We'd be willing to pay a little more for an option with minimal hassle/paperwork.
Thanks in advance for your insights.
Shawn
p.s. In case it makes a difference, both properties I mentioned are in Texas.