Updated almost 3 years ago on . Most recent reply
Financial struggle after 4th deal
I just recently purchased my 4th rental property. Long story short we own 3 rental properties and I took out a cash out refi on one of them to purchase this 4th one. I used that money and all of my savings for this property. Now I want to remodel it and make it appealing. The remodel is going to be around $12,000. What do you guys do when you are in this scenario where there’s no money in the bank to cover that extra remodel? Credit card and then pay it back with the rental income ? Advise…