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Updated over 2 years ago,
Financing Suggestions to wrap up a rehab?
Any suggestions for getting a bit more money to wrap up rehab of a house I purchased with cash?
ARV: $200k
No mortgage on the house. Typical credit score of ~800 but currently 630ish due to very high credit utilization. I’ve been paying for contractors with cash and material on cards.
I was hoping to wrap up the house like this, but had a rental get wrecked and had to pump quite a bit of money back into fixing it up.
Any creative ideas to finance the remainder? Self employed with 11 units on my own with around $1m in available equity across them. 18 additional units in mixed use properties with a business partner.
Thanks in advance!