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92: Rookie Reply: How to Fund Rehabs and Renovations

92: Rookie Reply: How to Fund Rehabs and Renovations

FromReal Estate Rookie


92: Rookie Reply: How to Fund Rehabs and Renovations

FromReal Estate Rookie

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)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.