http://www.doverealtyhotelbrokers.com/2009/05/how-can-i-borrow-money-to-fix-up-a-rental-property-that-is-paid-for-through-my-home-equity-loan/ Mon, 25 May 2009 21:34:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.doverealtyhotelbrokers.com/2009/05/how-can-i-borrow-money-to-fix-up-a-rental-property-that-is-paid-for-through-my-home-equity-loan/comment-page-1/#comment-311 Ed Atun Mon, 18 May 2009 15:53:04 +0000 http://www.doverealtyhotelbrokers.com/2009/05/how-can-i-borrow-money-to-fix-up-a-rental-property-that-is-paid-for-through-my-home-equity-loan/#comment-311 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.. 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..

]]> http://www.doverealtyhotelbrokers.com/2009/05/how-can-i-borrow-money-to-fix-up-a-rental-property-that-is-paid-for-through-my-home-equity-loan/comment-page-1/#comment-312 Paul in San Diego Mon, 18 May 2009 15:53:04 +0000 http://www.doverealtyhotelbrokers.com/2009/05/how-can-i-borrow-money-to-fix-up-a-rental-property-that-is-paid-for-through-my-home-equity-loan/#comment-312 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. 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.

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