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Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Nicholas Wilson
2
Votes |
9
Posts

Funding for renovations

Nicholas Wilson
Posted

New investor looking at my second deal. I currently own a duplex in a rural area of Pennsylvania that is cash flowing. I’m looking at a triplex that is also very rural but still close to amenities. They are asking $25,000 and I was thinking I could pay cash for it but then I have nothing left for renovations. If I pay cash could I immediately refinance it to get renovations done? What are some of my options? Maybe find a contractor that will front me the Reno prices until after it’s done and I can refinance it?

Most Popular Reply

User Stats

61
Posts
41
Votes
Josh Parra
  • Investor, Wholesaler
  • State College, PA
41
Votes |
61
Posts
Josh Parra
  • Investor, Wholesaler
  • State College, PA
Replied

@Nicholas Wilson I’m in State College, let’s connect. We’re doing things in rural areas of Centre County 😁

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