BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Advice Needed: Fronting Money For Duplex Renovation
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?