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Updated about 15 years ago on . Most recent reply

User Stats

98
Posts
13
Votes
Peter Lee
  • Developer
  • Los Angeles, CA
13
Votes |
98
Posts

Availability of home improvement loans in SoCal?

Peter Lee
  • Developer
  • Los Angeles, CA
Posted

We are currently all cash buyers of distressed single family houses. All of them need some degree of improvement, like landscape upgrades, carpet, paint, some appliance replacement...and generally looking to spend about 20% maybe 30% of purchase price on improvements.

Wondering if anyone has had any success getting financing for the improvements. We can use cash for them but obviously would prefer to get a loan to get more mileage out of our money.

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