A lot of us have run down homes or your family member has a run-down home. It probably doesn't have enough equity for the banks to give a HELOC or loan against the property either. So, when faced with a $80,000 renovation, what do you do?
One answer is simple; HARD MONEY! If another family member creates an LLC. to buy the home in the short term, that Hard Money loan may include a renovation loan to avoid having to come up with the full 80k. All you need is the 15% down payment. this video is all about how to set your family up for success and whether you should buy another home for the short term during the renovation, or just rent for a few months.
Here are my referral links
RBN - Real Buyers Network
www.joinrbn.com (will give actual referral link once approved)
Kiavi - 1st time Flipper friendly lender
app.kiavi.com/rl/d746f2d615f3
Plastiq - you can send wire transfers with credit card
plastiq.com/invite/xeju3bv
WayFair
www.wayfair.com/keyword.php?k...
chase ink cards - (we both will get 40,000 extra points on top of existing bonus offer)
www.referyourchasecard.com/21...
Marriott Brilliant Card - instant 25 elite night credits
americanexpress.com/en-us/ref...
Marriott Bonvoy Business Card - instant 15 elite night credits
americanexpress.com/en-us/ref...
rakuten - (Double credit card points at Lowes and Sam club)
rakuten.com/R/troyml9
factor 75 (meal prep to save time)
www.factor75.com/plans?c=HS-F...
Safety wing - travel health insurance
safetywing.com/?referenceID=2...