Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

12
Posts
5
Votes
Mario Nunez
5
Votes |
12
Posts

First property advice

Mario Nunez
Posted

Cash flowing a wedding and trying to fix up my first property! Advice needed 😬

Bought a property for 100k with a 1100sqft 2/1 house and a studio in the rear 600sqft. I will more than likely live in the front unless my potential tenant decides she wants the front.

I spoke to my old man and he says it’s a terrible idea to get a loan to fund the remodel, I have roughly 5 months till it’s needed to be finished or my potential tenant will bail. I also am cash flowing a wedding at the same time. Any advice on whether it’s smart to just put up walks here or there to get the job done? Or pull a loan to knock OT out and then refinance the property once BOTH homes are finished and pay back that loan?