Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Rehabbing & House Flipping
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 over 2 years ago on . Most recent reply

User Stats

55
Posts
19
Votes
Michael Mackney
  • New to Real Estate
  • Long Island
19
Votes |
55
Posts

Rehab months after purchase

Michael Mackney
  • New to Real Estate
  • Long Island
Posted

Hey guys, I purchased my first property, a duplex, back in early April. At that time the property did not need any huge rehab needs, more cosmetic stuff later on. So I fixed immediate concerns such as a leaky toilet, broken handrail, etc. I didn't want to do too much at first and overwhelm myself on my first deal.

Now, I am thinking of giving it a cosmetic facelift to raise rents. My question is, what are the options to fund this? I know if I was doing a BRRRR, a hard money loan could have helped with purchase and rehab but is a hard money loan ideal for just rehab? Would I still have to refinance to pay back the lender if I did that?

  • Michael Mackney
  • Loading replies...