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Updated over 9 years ago,
Closing on home next week! Need Financial advise !!
So I am closing on a house this week which is my 1st investment home and will need about 6-8 grand of repairs which I do have the money for. I am well over 20k out of pocket putting 20% down, closing and so on. My question is should I just pull out another loan for the repairs and have the monthly cash flow of rent pay for it ? What strategy should I use ? I want to purchase another home late quarter and spending the 6-8 grand out of pocket will affect my down payment money on next purchase as I begin to save. Also where is the best place for loans ? I would assume credit union , USAA ? I have 401k but do not really want to pull from there unless I really have to. I have been reading a lot and just seems to use someone else's money instead of yours.
Help!