All Forum Posts by: Cameron Marro

@Mohammed Rahman thank you for your response! I am going to look into a personal loan. Also, did not even think to take pictures once she moves out so I will definitely be doing that. Thanks again

 I have a lot of extra materials from the first renovation. I would say it's going to cost around $15,000-$20,000.

@Kevin Sobilo wow thank you Kevin your response was incredibly helpful.

Hi All,

I bought my first 2-family property in CT just under a year ago. I renovated the first floor already (where I currently live), and now that I am evicting my tenant (yippee lol) I am looking to renovate the second floor when she leaves.

I was hoping to do a HELOC, but after looking into it realized my only option is a Conventional Cash out up to 75% Loan to Value. Based on what I currently owe and how high rates are this doesn't seem worth it to me.

Does anyone have any advice on what the best way to do this is? I have quite a bit of debt that I am working on paying off (luckily it was loaned to me by a family member with no interest and no deadline). It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

I appreciate any help!

Thanks

Cam

Hey @Gino Barbaro! It's in Wallingford, CT.  

Hi everyone! My name is Cam, and I discovered BiggerPockets on Spotify.

I'm 25 and bought my first multi-family property about a year ago. I'm excited to be a part of this community and would love to connect with others in the CT area. Looking forward to learning from you all and sharing experiences!

Hi everyone! My name is Cam, and I discovered BiggerPockets on Spotify.

I bought my first multi-family property about a year ago. I'm excited to be a part of this community and would love to connect with others in the CT area. Looking forward to learning from you all and sharing experiences!