How to use the Equity on a vacant fixer upper?

[Jordan Nathaniel White]

Hi,

Last year, I purchased a 3-family fixer-upper. After paying cash, I now owned the property without any mortgage. I constantly get offers around 100k, as-is.

I'd like to know, is there any source I can go to to tap into my existing equity, and use these funds toward the overall rehab?

Please note, that my credit is currently 590

Rehab budget: 120k

ARV: 270-300k

Rents: $4500/per month

Some mentors have suggested I sell and use the funds to clean up my credit and find another deal.

However, I believe there is a way to take this project to completion and get the property fully cashflowing.

Any help on this topic is greatly appreciated!