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Line of credit to do small rehab on rental unit?
Hi All- New to real estate investing and looking for some guidance/feedback from everyone here on BP.
I purchased a duplex in September and put 25% down but want to do a bit of rehab to the property (new windows, flooring, update some of the kitchen). I just redid both bathrooms that was unexpected because of a leak and used the cash flow saved up since I got the house. I want to be proactive with this older house instead of just reactive and eliminate some future headaches.
Is it a good idea to take out a LOC to pay for rehab costs, a personal loan or some other financing options?
Appreciate any help on this topic.