If I buy a fixer upper where can i get money to renovate?

There are a number of really good options for you. Depending on your credit score and whether you go FHA or conventional, you could look into the FHA 203(k) loan for major renovations, or the FHA 203(k)(s) loan for renovations that are more cosmetic in nature. If you wish to get a conventional loan, Fannie Mae offers the HomeStyle Renovation Loan. Another couple of conventional loan options: Freddie Mac offers the CHOICERenovation Loan and the CHOICEReno eXPress loans. All those products allow you to borrow money based on the purchase price plus the expected cost of the renovations, with down payments as low as 3% of the the total expected cost. Visit with your lender to determine which loan product is best for you.

There are options. It all depends on what the circumstances are..... if it is owner-occupied, there is a 203K FHA Loan Option..... It does have some requirements and you need to find the right lender to go on this path. I have seen investors if looking to flip, borrow from their own 401K in order to borrow from themselves, and then repair when it sells. I have seen some banks do a personal loan depending on the amount and your credit. I have seen hard money lenders come into play however, those often come with interest and fees that you will need to factor into your overall numbers if you are flipping the property and if you are holding it to rent or owner occupy, the hard money lender may not be the best option. There are some grants occasionally available through counties, I would check with your local lenders and a local REALTOR to see if they have this info and these are usually for owner-occupied properties only. I even had a client that owed nothing on a car and did a refi on a car because the interest was so low that it made sense with a local credit union.... and then just paid it over time... So ALL of this depends on what your end goal for the property will be......

There are many loan programs that will help with this, so be sure to ask your lender.

Depending on the extent of the renovation project you wish to complete, financing can come from several different sources. The most common sources of financing for home renovations include home equity lines of credit (HELOCs), cash-out refinances, and access to personal savings. Additional funding may be available through grants, low-interest loans, and government energy efficiency incentive programs. Additionally, depending on your credit score and income, private lenders may also offer personal or commercial loans to fund your renovation project.

There are some loan programs that will help with this, so be sure to ask your lender. Hard-money may be an option, albeit an expensive one.

Yes you can, you can also reach out to family and friends but make sure you disclose to the bank if you are borrowing outside of them.

FHA has a program called a 203K that will provide the funds to renovate. A little cumbersome. Make sure you choose a lender the is familiar with this program. There are several Conventional Rehab programs available to. You will need to check for a lender that offers those.

I lot of agents are mentioning the FHA 203K program, which is a good program. However, there is a conventional version of that program called a Convetional Homestyle loan. Its a little mroe felxible, and may give you a better chance of securing a property, if you are in a multiple offer situation. You will need to find a repuatble lender who has experianc and knowledge, specifically with a Conventional Homestyle loan.

You can get funding for renovating a fixer-upper through various sources, including traditional bank loans, home renovation loans, personal loans, and grants. You can also explore crowdfunding platforms and home equity lines of credit (HELOCs) to finance renovations. Some fix and flippers find "hard money lenders." Additionally, you can research local or state grants for homeowners needing renovations.

You can get a renovation loan (called 203K) or you can get a hard money lender, once you finish the Reno you can refinance.

If you are buying as an owner-occupant, you go get a renovation loan (fha203K). I also heard some lenders do VA renovation loans. Other ways to get money would be from your circle, family or friends. You can also apply for hard money loans and private loans.