Hey I'm looking for any creative renovation financing products out there.

Always line up money and credit when you don't need it.

When you say over-funded a lot of times people are talking about over funding an IUL which when taking loans against can be a very dangerous product.

Also if you are raising rents by 40% in a down economy with rental rates starting to soften you will need to differentiate your product and keeping wall panels is not a differentiator.

Don't get busy doing the administrative work do the productive work is more fun.Regards,

Rates, fees, loan products and guidelines are not the same lender to lender.

Next thing you know I had spent years blazing through a dozen plus strategies, survived the mistakes, and found myself in ownership of a remodeling firm again, a lumber yard, 2 home improvement product lines, consulted to hedge funds, worked in syndications, and it was like a blur. 

Gurus push anything that helps them sell their products/services to newbies and they make it sound as easy and as cheap as possible to get them on the hook (which is when your credit card is charged).I'm not sure specifically why gurus (or if most do) push DF$, but I do know this: If you are going to start out and do any type of marketing, DF$ is a good thing to do, especially when starting out as the only cost is your gas/time, and wear and tear on the vehicle but you gain something you don't get with any other type of marketing including SEO of your website: Experience and knowledge of your local market.

HI Laurie,This one is going to be a balance of home sentiment, personal financial confidence based on your particular situation, and the choice of product.Choosing the right product will also be based on your perception of financial risk and your goals as well.A line or HELOC has its pros because you only pay interest if you use it which is nice because if you dont use it you dont pay anything other than the 0-75 dollar admin fee (most heloc’s have this and some dont just make sure to leave it on auto pay to avoid forgetting and incurring a late on your credit report).The downside with the HELOC is the insidious variable rate feature (margin + prime which is currently at 7% as of this writing).

@Mark Small, you’re on target that standard VA home loans are intended to put military members and veterans into move-in ready homes that don’t require significant repairs.There is a separate loan product called the VA Renovation loan, which essentially packages a home purchase loan and a home improvement loan into a single product.