Financing Rehab

[Zach C.]

Hello everyone,

I am in the process of closing on my first property (a Triplex I'm going to house hack) I purchased the property for $10K less than it was just appraised for and the place needs a lot of work ($25-30K) I only qualified for a commercial loan so the down payment will take away most of my savings. My question is how too finance rehabs creatively? I have thought of trying to get a line of credit from the bank, or talking to the appraiser for an ARV appraisal. Just curious if someone had other suggestions, thank you.