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Creative Real Estate Financing

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Courtney Mccrear
  • Investor
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53
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House hack suggestion/advice

Courtney Mccrear
  • Investor
Posted May 1 2023, 10:02

Hey how’s it going everyone? Could someone please give me some advice?

So I'm trying to scale up and acquire more doors, I have 2 rentals I've acquired through tax deeds already but I'm currently stuck trying to get to 3. I'm ran into a hiccup in my current primary home! I used my Va loan to acquire this home with hopes to BRRR after this year, I refinanced and started on the rehab but got ahold of a bad contractor (all my fault) and he beat me out of 35k. I have about 50k in equity but I can't tap into it because of my dti ratio on my credit is too high. The downstairs is basically unfinished because of the contractor, but at this point I don't mind selling my primary or doing a lease option. I would like to sell my primary home and acquire a multifamily to house hack.

Any suggestions?

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