All Topics / General Property / Need 5k to Finish House Renos

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  • Profile photo of emilovemilov
    Member
    @emilov
    Join Date: 2007
    Post Count: 54

    Hi All,
    I'm about 5k short in cash to finish the renos of my house (which I'll then refinance). Any (solid/concrete) idea where I can get it? Private lending should be ok too as I only need it for about a month or two.

    Cheers,
    Emil

    Profile photo of v8ghiav8ghia
    Member
    @v8ghia
    Join Date: 2005
    Post Count: 871

    Credit card is the simplest and quickest way (a new one) and it will not cost a big application fee or extortionist type exit fee like the type of last resort finance you are considering. Do the sums, and you will see what I mean, especially if you are only talking 5 grand, and get a low interest rate card. Will save you $$$. All the best with the project finish.

    Profile photo of emilovemilov
    Member
    @emilov
    Join Date: 2007
    Post Count: 54

    Hey thanks for the reply :).
    Any idea which one? I already have one which is maxed out (yeah, everything costs more & takes more time…). So, since I have to tell the (new) credit card company of that they might decline my credit card application and there goes my credit rating down…

    Any other ideas?

    Thanks,
    Emil

    Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108

    hi
       I use ge for my small loans from 5-50 and they only take 3 days

    Thanks Rob

    Profile photo of emilovemilov
    Member
    @emilov
    Join Date: 2007
    Post Count: 54

    Hi Rob,
    Sorry but what is ge? Is that a lender? Do they have a website or something?

    Cheers,
    Emil

    Profile photo of Pro investorPro investor
    Participant
    @pro-investor
    Join Date: 2003
    Post Count: 108

    hi

      ge finance

    Thanks Rob

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Which State is the property in Emil ?

    Richard Taylor | Australia's leading private lender

    Profile photo of emilovemilov
    Member
    @emilov
    Join Date: 2007
    Post Count: 54

    Hi Richard,
    It's in Sunnybank Hills, QLD. Why?

    Cheers,
    Emil

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Ok. We do short term private loans on Qld securities depending on the rest of the information.

    Richard Taylor | Australia's leading private lender

    Profile photo of emilovemilov
    Member
    @emilov
    Join Date: 2007
    Post Count: 54

    Ok then,
    I'll give you a call tomorrow :)

    Cheers,
    Emil

    Profile photo of v8ghiav8ghia
    Member
    @v8ghia
    Join Date: 2005
    Post Count: 871

    Emil,
    Please be careful of any private finance arrangements on such a small sum – you may face some hefty establishment and exit fees….enough to make GE look like a registered charitable non profit organisation…….and we all know how likely that is……..You may find family or friends may be interested in helping you out in a business arrangemtn type loan at rates higher than a home/personal loan, but less than other private funding. WIn WIn. 
    All the best.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Emil

    Glad we were able to assist.

    Richard Taylor | Australia's leading private lender

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