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Updated almost 8 years ago on . Most recent reply

User Stats

194
Posts
123
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Rebecca G.
  • Real Estate Agent
  • Dayton OH (dayton, oh)
123
Votes |
194
Posts

commercial property funding

Rebecca G.
  • Real Estate Agent
  • Dayton OH (dayton, oh)
Posted

My husband and myself have a five unit property located in Toledo, Ohio. We are about 75% done with rehab and have temporarily run out of funding due to life changes. Overall we need about 8k to finish everything and get it rent ready. Essentially I could have 2 units ready in under 2k. What are some alternative ways to get funding for this project without having to wait 4 months to restart?

Most Popular Reply

User Stats

551
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218
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Mike Hanneman
  • Investor
  • Coeur d'Alene, ID
218
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551
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Mike Hanneman
  • Investor
  • Coeur d'Alene, ID
Replied

You are going to rent this place out correct? You need to go on a search for money, can you get a loan? Do you have a line of credit on your personal house? Can you borrow against your other properties to get this place finished?

How did you come to be in this situation with the rehab? How did you run over on your costs?

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