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Updated about 3 years ago,

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Erik Meltzer
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Advice Needed: Fronting Money For Duplex Renovation

Erik Meltzer
Posted

Just closed on my first investment property this past Monday, a duplex in Buffalo, NY! I secured financing from a hard money lender, including a $47k construction loan. Basically, as the rehab gets completed, say every few weeks or month, the lender will send someone to see how far the rehab has come along and reimburse me accordingly. I can front the cash if need be by selling stocks, but does anyone have alternative ideas how I could make the initial payment to the contractors without liquidating some of my stocks?

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