Show them the bill and have them reimburse you if need be.Make sure your cash positive so you can be building your reserve account in case something big comes along.

James Carroll If it's a wholesale deal I'm looking for a minimum of 15% equity in the property once all repairs are done.

And please include the following:-How much do you have to invest-Do you have additional equity partners-How are your personal financesJust to be honest, you're unlikely to be able to invest in the tri-state area, even in Suffolk County.

In providing a second position loan for gap funding, we are thinking of asking 16% and 4 points.

If your not planning to go to college or are in a position to purchase a house, use the remaining $10k ish to buy a duplex and live in half.

I was also looking into something like the Wells Fargo business Equity Line Of Credit.

•A proven business leader with 25+ years of management and technical expertise holding multiple leadership positions within real estate, manufacturing, sales management, business development, publishing and hospitality fields.

1.)With a property purchase, we would look at you providing 25% equity for the purchase, which the line of credit could be used for.

Or to ignore the hassle of a FHA 203k or construction loan, you could conventionally finance the house, put your 20% down, then finance the renovation by other means--credit cards, personal loan, car loan if you have equity, private money from a relative?

But you will have substantial equity (something like $200,000) in the property after five years if your ARV is correct.