Hello! This is my first time ever doing something like this, but desperate times calls for desperate measures. I am currently renovating my first investment property. I bought it myself in cash in 2021. I used my money to put a new roof on the house and then had to hold off continuing renovations because I ran out of money. In August, I was finally able to qualify for loans to complete the renovations. The renovation costs exceeded my loans and unfortunately I keep getting turned down for additional funding. I have applied to grants with no luck, tried getting lines of credit with no luck. My mom loaned me some money to help and I’m truly grateful for that and will be paying her back once the house is completely renovated. I have personally maxed out my credit cards and the business cards I do have to complete this job. I’m currently in school getting my Bachelor’s degree and is using my VA educational benefits to live off of. I have been having issues with my contractor, who has been stalling this project. I had paid him half up front with already having purchased the materials for the job and now it’s going on over a month and a half and the job isn’t completed. When I voice my concerns, he doesn’t take criticism very well and stops working, therefore holding me up. The project I hired him for was to install insulation throughout the house and new sheet rock because I had an asbestos abatement done throughout the house, leaving the house completely gutted. After hiring this contractor, I’ve realized this is the biggest job he’s ever done before and on top of that he doesn’t have a crew of people working for him, just one young man who seems to be doing all the work himself. I have had to deal with that on top of other things that keeps coming up in regards to this house. This is my first rental property ever. I was planning on fixing it up and renting it out to someone who needs affordable housing. This has not been an easy process for me at all and I’m learning as I go.
I’m hoping to raise $20k to finish everything, but any little bit can help. Thank you and also if you can provide some much needed advice, that would be awesome as well.
Cash app: $Yollie417 https://cash.app/$Yollie417