I'm a single parent needing some cash to fix up two rental home i own. Both house are 3 miles from two casinos. One of the casinos will be opening next month. Both casino's employ about 900 people that have to drvie eneywhere from 6 - 45 miles one way to work. Does anyone know how i can recive about $4,000 to do repairs on these homes? With out useing the property as collateral.
2006-12-07 13:27:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
The Fannie Mae foundation does grants for various things, long onto the website at www.fanniemae.com They will work with you and for a small amount like 4,000 I dont think you would have to put up property as colateral. Hope this is helpful and good luck to you. May I also say bravo to you for doing the single parent thing, it can be hard! =)
2006-12-07 13:29:51 · answer #1 · answered by ♥♫♥ Crystal ♥♫♥ 4 · 0⤊ 0⤋
For only $4,000? What about credit cards? You must have acceptable credit if you own houses...that's a small amount to borrow. You can also use your car for collateral, if its paid for. You'll get paid back quickly once you start renting.
Another hint: some people will fix up a home they are renting if you give them some money off the first few month's rent...or "Rent free for 2 months" on the condition they fix the property.
Single mom/landlord here, too, great stuff!
2006-12-07 23:07:18 · answer #2 · answered by Barbara 5 · 0⤊ 0⤋
Get a line of credit w/ your bank. Or if you have this kind of property, there must be good income, so apply for a credit card or personal consumer loan without any prepayment penalty.
2006-12-07 17:08:56 · answer #3 · answered by JNC 2 · 0⤊ 0⤋
www.prosper.com
2006-12-07 13:35:02 · answer #4 · answered by traciatim 3 · 0⤊ 0⤋