What to do first? Heloc or Cash out Refi
I'll start out by saying my DTI is high due to student loans primarily. I want to buy two more properties next year. My first rental is owned free and clear (property is valued around 40k), it is owned in an LLC I created with my wife. I also have about 30k in equity in my primary residence and want to do a heloc. I want both loans so I keep this real estate train moving. Does the order I apply for these matter? I have a commercial portfolio lender ready to go with lending some money on my rental property. Should I do a cash out refinance on the investment property owned in my LLC first (will this negatively hurt my personal dti and blow my chances at a heloc?)? Or, should I get a heloc first on my primary residence and hope the commercial lender will still lend to me? If I just get the heloc first, but dont spend the money, will this be factored? Any advice is welcomed and appreciated.