The Best Way to Fund Some Rehab Work I Want Done

[Mitch Price]

Hello there,

I am considering different ways to fund the rest of the rehab work I need done on a duplex I purchased earlier this year.

The Facts:

- Its not a major rehab. I want to give the side I'm occupying somewhat of a facelift.

- I have already taken out cabinets, vanities, toilets, carpet (from two bedrooms/ will replace with laminate wood / I WILL NOT DO CARPET IN MY RENTALS!!!!!!) and I'm having the interior repainted.

My question should I just save up the money (from my 9-5) and pay for the rehab that way? (Which is what I'm kind of already doing getting everything fixed in stages. Only thing is its taken a bit longer than I anticipated. I purchased the property in April)

OR

Take out a small loan from somewhere to fund the rest of the repairs (and throw getting the appliances in there too)? Surely there are some safe investor friendly ones that are made for this very thing. Not those sleazy grimy SpeedyCash type loans with 700% interest written in teeny tiny fine print.

Let me know what my options are in this particular case? Whats the best course of action moving forward?

[Sam B.]

How's your credit? 0% APR for 12-18 month credit cards aren't hard to find. You'll pay a balance transfer fee if you want to take out cash rather than do purchases but at ~3% the money is still basically free once you factor in inflation.