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Updated over 4 years ago on . Most recent reply

User Stats

26
Posts
9
Votes
Madison Heck
  • Rental Property Investor
  • New York
9
Votes |
26
Posts

Best way to find rehab financing in Ithaca, NY

Madison Heck
  • Rental Property Investor
  • New York
Posted

Hey there! @Hollis Malkowski and I had an offer accepted and an inspection finished on a multi-family in Ithaca, NY that we got for $225k.

We are looking to follow the BRRRR strategy and add some value to the property with fixes and cosmetic changes to the inside, developing a driveway, and possibly inserting a unit in the unfinished basement.

Does anyone have tips on where we should look to get or how we can go about getting a construction loan for all of this? And what we will need to bring (business plan, credentials, etc.) to help us secure the loan.

Any advice is helpful, thanks!

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