Stratagies when over budget repair/renovation for rental

[John Ma]

Hey guys, I want to hear stories from some vets whom have been in in a situation where the cost of a renovation for a rental has dramatically exceeded the budget.

I started renovating one of my rentals and I am about 20k over what I allotted and essentially put all of that on credit.  I have two strategies at the moment. 

One just simply paying off the 0% CC monthly minimum and balance transferring to the next 0% card over and over. 

Second is to pay it via a HELOC on another property (this prop is paid off).

I do have a third method being cash out refi the property that was renovated, however I am a bit hesitant on this one because I do want to wait another 2 years for a shopping center to be built to be able to get a better appraisal.

I'm sure for people who have been in the game for a while, something like this has occurred before. Lets hear what you went though to get yourself out of a sticky situation.