66 min listen
92: Rookie Reply: How to Fund Rehabs and Renovations
92: Rookie Reply: How to Fund Rehabs and Renovations
ratings:
Length:
8 minutes
Released:
Jul 3, 2021
Format:
Podcast episode
Description
This week’s question comes from Shantay on the Real Estate Rookie Facebook Group. Shantay is asking: We are about to close on a duplex. It is going to need a $6k-$10k upgrade. What are some options for funding the rehab cost?Different investors have different preferred methods of funding rehabs of this size/price point. Both Ashley and Tony have renovated numerous properties and used the below methods to raise the funds they needed without dipping into their own pockets!Here are some suggestions:Find a 0% interest credit card so you can buy material for the rehabPartner up for equity with another investor so you can split the costsRaise private capital from family and friends by delivering a solid investment presentationTake out loans against your stock portfolio, 401(k), or other assetsAnd more in the episode...If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Check the full show notes here: https://www.biggerpockets.com/rookie92See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 3, 2021
Format:
Podcast episode
Titles in the series (100)
How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2 by Real Estate Rookie