Hardmoney Lender question please HELP!

[Charles Coaston]

I'm already in a deal with a hard money lender on a property at 16%. I'm going off of a Smartsheet kind of like excel for investors that track your spending on the projects needed to rehab the house. The issue I'm having is I thought I fully understood and asked all the question I could possibly think of but I apparently didn't

Issue:

This is my first deal flipping a house. The house was bought for 20k and 21k in rehab cost were calculated. I borrowed both the rehab cost and purchase of the home. I can only make draws for various projects as the job is completed to request for rehab monies. I also can only make 5 total draws to complete the entire home.

My question is this:

I don't always have the money up front to complete project or even have time to wait for him to send me the money. What creative ways would you guys use to get money? Can we rework the contract here he only pays for the house and any remaining cost that I improved already and I get a Discover, personal loan to have the funds as a whole and complete the job? I need help cause I always don't have the deposit to finish the job I need to do.

Im sure I left some in between out..