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Updated almost 9 years ago on . Most recent reply

Therese V.'s profile image
Therese V.'s profile image
Therese V.
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  • from Midwest
  • Member since Jun 13, 2013
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Therese V.'s profile image
Therese V.'s profile image
Therese V.
  • Investor
  • from Midwest
  • Member since Jun 13, 2013
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Therese V.
  • Investor
  • Midwest
34
Votes |
253
Posts
General Landlording & Rental Properties

How to finance new roof?

Therese V.
  • Investor
  • Midwest
Posted

We have a property that needs a new roof. I don't want to use our own money to finance this and the roofing company does not do payment plans with investors.

What suggestions do you have to finance the roof? It will be about $14k. I was thinking a HELOC but not sure if I can get one on rental property, how would that work? I also had the thought of maybe going to a credit union for just a loan, but not sure how that works either.

Any suggestions other than just using our own capital?

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Kyle Hipp's profile image
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Kyle Hipp
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  • from Appleton, Wisconsin
  • Member since Oct 18, 2012
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Kyle Hipp's profile image
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Kyle Hipp
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  • from Appleton, Wisconsin
  • Member since Oct 18, 2012
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Kyle Hipp
  • Investor
  • Appleton, WI
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Kyle Hipp
  • Investor
  • Appleton, WI
Replied

Just curious as to why you would want to go into debt to finance a roof?

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