Don't use your emergency fund. 

I am currently working on phase 2; building 2 ADUs.The permits are already in the works but the biggest question is what is the best approach when funding these 2 ADUs BEFORE I have the equity from my home?

A HELOC is probably going to be at least 8% right now, so would you be making more than that on your money if you choose to take out a HELOC to fund the work?

However, be cautious about focusing solely on low prices.

It kind of depends on the type of properties you're looking for funding on.

I hope your deal and lender can fund soon!

These projects have strong profit potential and offer an excellent opportunity for collaboration in a growing housing market.Project 1: Rowan County Parcel - 379A062Purchase Price: $30,000Additional Funds Needed: $130,000 (Construction, site prep, utilities, driveway, landscaping)Total Project Cost: $160,000Expected Sale Price: $225,000Project 2: 6030 Hardwood Ln, Concord, NC 28027Purchase Price: $25,000Additional Funds Needed: $145,000 (Home purchase, demolition, site prep, utilities, driveway, landscaping)Total Project Cost: $170,000Expected Sale Price: $265,000Total Funding Requirement for Both Projects: $275,000I’m offering competitive terms and open to discussing how we can structure a win-win arrangement.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

When my business partner and I were still flipping we bought a couple through Auction.com and we always used a private money lender to fund those and our other flips. 

He took a 401(k) loan to fund the down payment on a four-unit building in a rapidly appreciating neighborhood.