BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago on . Most recent reply
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Funding a remodel options???
I recently purchased a small multi family property. 2 units were turn key and they are rented. 1 unit I am funding the rehab for and that is almost done.
But there is a separate building with 2 unfinished 1Bd 1Ba apartments. My estimate is that it will take between 50-75k to get them both rent ready.
I wanted to see what everyone's thoughts were on financing the rehab? I do not have enough cash to fund everything, and I don't think there have enough equity in the home to take some money from there. Hard money is definitely an option but does anyone have any other possibilities to explore?
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@Jason Shackleton Thanks. Thinking of taking out a credit card and financing that way. Can probably get a promo 12 month 0% apr card. Is that what you’re referring to, “credit card stacking?”