How do I finance the rehab of my 1st home?

[Anthony Grant]

Hi everyone I'm new to BP and RE in general. I recently bought my first home in Tacoma, WA. My goal is to BRRRR this house, but I used most of my capital paying off my car loan to get a better loan amount, and then on the down payment for my house. I'm looking for options to fund my rehab.

I have a good credit score but because of the amount of inquiries from when I was shopping around for a lender over the past year and a half, along with the fact that I’m just building my credit and have very little credit history I’m having problems getting approved for any 0% intro apr over 12 months credit cards.

Would love to attend any meet ups, or take any experienced investor out to lunch or coffee. Thank you to everyone who takes the time to respond to my post with any options for me.

[Kenton LeVay]

Well one option would be a Homestyle loan that lets you add in the cost of renovation into the loan amount. It sounds like that isn't an option for you because you already closed. The other options would be (1) get a personal loan, (2) liquidate some of your assets to fund this investment, (3) find a partner willing to pay for renovation in exchange for some equity/interest or (4) roll up your sleeves and DIY that sucker.