All Forum Posts by: Gall Davidovitch

If you don't have the cash to rebuild the house. one method I suggest is utilizing credit card funding through an agency that helped me secure $150,000 on my credit card with 0% APR for 12 months. This allowed me to proceed with the necessary rehabilitation of my house without having the required capital upfront. Once I've added value to the property, I have the flexibility to decide whether to sell it or refinance for a cash-out option, enabling me to repay the credit cards.

I'm not a financial advisor, just simply sharing what has worked for me. 

Hey, the way that I will finance fix and flips is to get a hard money lender like you said to cover the Porsche price, then do CC funding to cover rehab costs. 

The way that I will do it is with CC funding to cover rehab costs. You can take up to 100K with CC with 0% for 12 months. 

The way that I will finance this deal is to consider getting a hard money lender to cover the Porsche price, then do CC funding to cover rehab costs. Once I have the tenant refinance dscr loan. IT'S NOT AND ADVICE JUST THE WAY WORKED FOR ME I'M NOT A FINANCIAL ADVISOR

hardly invest in the area where I live. I recommend that before you choose the area you want to invest, do a check on contractors and recommend people to work with who will take care of your project because they will be botg on the ground. 

good luck with your investment 

 I am a majority used to purchasing fix and flip properties with hard money loans and combining them with a business line of credit and credit card funding for rehabilitation. because it makes my real estate investments offer a more balanced blend of leverage, speed, flexibility, and risk management. It's a strategic way to maximize potential returns while maintaining control over your investment and cash flow. 

Good luck with your investments 

Franklin,

Yes, maximizing your credit cards can affect your HELOC in amount and terms or even get it because it have an impact on your FICO. That way I love business credit cards because they have no effect on your personal FICO even if you maximize your business CC. You can do a balance transfer with some cards in 0% APR.

Victoria,

If you are looking for some capital HLOC is not always the best option. It's very depending on what you are looking to get. Let me know if you need any help with connecting to lenders and brokers. 

@Ben Aaron He can help you for sure. 

I use a hard money lender but for down payment, I use a business line of credit and for rehab, I use cc funding with 0 %APR