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Updated over 4 years ago,
Renovation Cost and Heart Attack
Hi BP community!
I closed on my first deal in an upcoming neighborhood and historic district. I bought the property and negotiated some repairs in the purchase price. The gutters will need to be completely replaced and roof is on its last leg; this is the biggest expense that’s giving me a heart attack! I tried to prepare and I knew what I was getting into but whew!
Anyways, a part from that I will need to refinish some floors, update cabinets and appliances in kitchen, and remodel a bathroom. I plan on using as for all the other repairs and house hacking in this SFH.
I'm nervous about the ARV and how to finance this roof. What do you recommend roof financing through the roofing company then refinance? HELOC? Any tips on getting the gutters and roof done is much appreciated!