First Time BRRRR Guy
I am looking for my first BRRRR. I am being told if I use my HELOC for the down payment on a property the extra payment will put my DTI too high to get the loan for the property. Assuming I am buying a property below appraised value can I use that equity as the down payment or partial down payment towards the purchase? I am trying to get my foot in the door to set my self up for other ventures this year.