Financing for rehabbing rental property

[Erica Baruti]

I'm looking for private lending or financing to renovate a townhome rental property I own in the Atlanta area. Need approx $15k. The property is owned free and clear. Any recommendations or referrals would be greatly appreciated!

[Daniel Segovia]

@Erica Baruti happy to connect and discuss your funding options. 

[Devin Peterson]

Quote from @Erica Baruti:

I'm looking for private lending or financing to renovate a townhome rental property I own in the Atlanta area. Need approx $15k. The property is owned free and clear. Any recommendations or referrals would be greatly appreciated!

Don’t get involved with PMLs if you don’t have to with that small of a budget. Try looking to get approved for interest free credit cards and pay it all off before the interest period kicks in 

[Erik Estrada]

Quote from @Erica Baruti:

I'm looking for private lending or financing to renovate a townhome rental property I own in the Atlanta area. Need approx $15k. The property is owned free and clear. Any recommendations or referrals would be greatly appreciated!

 Is it possible for you to save $15k? Borrowing $15k is going to be much more expensive than saving $15k. With an aggressive savings plan, another side hustle, you can most certainly save $15k 

[Charlene Livers]

I can help, Let me know if you are interested to talk

[Clint Miller]

Let's connect sometime. Happy to help you get started 

[Jaycee Greene]

Quote from @Erica Baruti:

I'm looking for private lending or financing to renovate a townhome rental property I own in the Atlanta area. Need approx $15k. The property is owned free and clear. Any recommendations or referrals would be greatly appreciated!

Hey Erica. Have you contacted a bank or credit union about getting a HELOC?

[Kent Kettell]

Tell me about the details, Erica. 

[Erica Baruti]

No I haven't @Jaycee Greene. I thought HELOCs were only for primary residences. Can you recommend a bank or credit union?

[Jaycee Greene]

Hi @Erica Baruti. HELOCs are generally provided for properties in your personal name. Is this property in your personal name or an LLC?

[Erica Baruti]

LLC @Jaycee Greene

[Jaycee Greene]

Have you checked with Legacy State Bank?

[Erica Baruti]

@Jaycee Greene I haven’t. I will give them a buzz tomorrow. Looks like I have a local one in my area.

[Roger Mace]

Quote from @Erica Baruti:

I'm looking for private lending or financing to renovate a townhome rental property I own in the Atlanta area. Need approx $15k. The property is owned free and clear. Any recommendations or referrals would be greatly appreciated!

Hi @Erica Baruti! I would be happy to help with your renovation project. Since your property is owned free and clear, we can offer flexible financing options. Let's connect and discuss further!