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Updated over 7 years ago on . Most recent reply

Krystal Goode's profile image
Krystal Goode's profile image
Krystal Goode
  • from Lanham, Maryland
  • Member since Aug 2, 2017
Connect

User Stats

11
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6
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Krystal Goode's profile image
Krystal Goode's profile image
Krystal Goode
  • from Lanham, Maryland
  • Member since Aug 2, 2017
Connect
Krystal Goode
  • Lanham, MD
6
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

Need Funding Rehab Money Advice

Krystal Goode
  • Lanham, MD
Posted
Hi there, I'm a newbie seeking to score my first deal in 2018. I live in PG County Maryland. Right now, my goal is to save $12k more for a down payment on a SFH that I will not live in. I plan to buy in a blue-collar neighborhood with a conventional loan expecting to put at least 20% down. My question is if I only save up for the down payment - how can I fund the rehab costs? Is it common for investors to borrow that money from the bank too? What is some advice for how to cover the rehab?
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