., 2 bedrooms and a bathroom floor around 1 inch; may need 3-4 more footings and floor joists (max $3000) ....2)roof shingles replacement (~$7000).... 3) kitchen complete Reno, countertops, cabinets, appliances, flooring (~$30,000 )..... 4) on 2nd floor, add master suite by converting one existing bedroom and common area ($40,000).... 5)galvanized plumbing ($5000)..... 6) old electrical ($5000).......7) restore a garage that was converted to closet+laundry room around 50yrs ago (~$3000 max)...... 8) remove radiators and the heating unit.....

My question is if I have about 50k which I would be able to use of my own money, should I use my money and loan the rest, or use a loan for all of it?

. - I am speaking from my experience as a restoration contractor here in Colorado, but regardless of state, many things will be similar.

I am aware of the restrictions enforced by the IRS on what I can and cannot do in terms of ineligible partners, etc.If would then want to BRRRR and restore my cash after refinancing.

I currently have my "extra" money wrapped up in a classic car restoration that will be worth $40k-$60k when finished.

@Pat SapersteinI’m a general contractor in the LA/OC area, in the past I’ve mostly specialized in fire restoration, but I’m in the process of opening up a new branch that specializes in ADUs exclusively.

Best RegardsJohn ReeceHistoric Restorations Of Charleston LLC.

Converted the garage to a spare bed and bathroom, restored the wood floors, updated electric.

This program encourages the restoration of historic buildings and provides a 20 year property tax freeze if approved.

Restoration can be completed on many sash, but that extends the timeline and sometimes price, as well.