It acts as an emergency fund In my opinion while it’s not deployed anywhere, and god for bid you have a large capex item go that you might not be 100% prepared for and you can resolve it immediately.

Use Other People's Money (OPM) to fund transactions with minimal cash outlay, but be sure to arrange transactions sensibly and reduce risks.

Previously the property was purchased by the affiliate DHI Fund LP for $58,000 in 2018.

However, it would provide us with the necessary funds for the repairs and potentially a down payment on another property.

You seem well on the way to a successful brokerage career and still living at home with low or no bills is the way to start that scaleable but commission only life. 

What are some creative ways other than taking a loan to fund my renovations? 

@YaSin AquilThere are some agency lenders who will do loans with FICOs as low as 550. 

He ran out of funds and was not able to pay the electric company to hook up the meter.  

Do you think this could be corrected with how many 4plexes are probably financed with ultra low 30yr mortgages?

Hi Kristian, are you asking about resources for getting the funding, or what to do once he has the funding?