Real Estate Mortgage Loan Refinacing

Las Vegas Casinos

2 Responses to “How Can I Borrow Money To Fix Up A Rental Property That Is Paid For Through My Home Equity Loan?”

1. Ed Atun says:

   May 18, 2009 at 11:53 am

   You are going to have to make the workmen into “partners”. When the work is done, you will sell the house and pay them 110% of their normal pay. Otherwise, no one is loaning for fixup money..
2. Paul in San Diego says:

   May 18, 2009 at 11:53 am

   If you have enough equity in your primary residence to take out a loan (probably a home equity line of credit, or HELOC), you can use that cash for whatever you want. Including fixing up a rental property.
   And, remember that those repairs are tax deductible. And, so is the interest on the HELOC.