Hey there,
just wondering if someone can broadly advise what the "best" choices are for funding IP purchase + renovating it? I am talking smaller reno's in the $10-25k range.
I am thinking just LOC as deposit and then drawing down on LOC to pay for reno costs.
Can I just borrow the whole lot? E.g. Purchase price + costs + "renovation budget".
I apologise if there are threads on this already. I did search, but nothing really helped. I know lots of folks do this, so it can't be very difficult.
Thanks a tonne,
EV
just wondering if someone can broadly advise what the "best" choices are for funding IP purchase + renovating it? I am talking smaller reno's in the $10-25k range.
I am thinking just LOC as deposit and then drawing down on LOC to pay for reno costs.
Can I just borrow the whole lot? E.g. Purchase price + costs + "renovation budget".
I apologise if there are threads on this already. I did search, but nothing really helped. I know lots of folks do this, so it can't be very difficult.
Thanks a tonne,
EV