Heloc's also require a monitored DTI debt to income of the bank/lender holding the heloc could reduce or close the account due to excessive trade lines causing a shortage of fund on the purchase or repairs or renovation after the purchase.I have seen multiple homes sold this year that they had a first mortgage and a Heloc and the home sold for less than expected causing a problem with profits and in a few situations caused the home to not sell due to the seller getting lower offers and not able to pay off both mortgage and heloc.I offered a few things to keep in mind and mentioned to reach out if he had other questions.

Each home is appraised, inspected, and fully underwritten with long-term lease commitments — and we’re looking for a strategic debt partner (bank, private lender, or broker) who can underwrite based on actual lease terms or use no-ratio underwriting.Anyone have recommendations for lenders or brokers who specialize in no-ratio or flexible DSCR products?

We use the credit report to help us determine debt to income ratio. $4k a month of income looks good until the credit report shows $3000 a month in payments going out. 

Now I find out they didn't tell us that debt terms changed before closing on at least 1 of the deals I know about.If investors lose here.....the KP's will have a bigger problem.

Cheap debt plus big deductions had people stacking properties like crazy.

Very few hold these assets for long enough to pay down the debt.

Working a second job best benefits your strategy if it accelerates you towards a financial milestone, digs you out of debt, or develops a useful skill.In your case, your part time job at $26 an hour is not going to be a valuable asset, from a lending perspective.

The idea is that if a government has a large debt as we do, the government will allow inflation to stay above average levels and lower the interest rates.  

Hey guys,I'm seeking a contract lawyer in the SSF/SF area to advise on a business services agreement entered into in October 2023 for the setup and management of Airbnb properties.The arrangement involves The Bnb University (121 South Maple Avenue #16, South San Francisco, CA 94080), and, potentially, WANDERLUST PROPERTY VENTURES LLC (principal/registered: 74-710 Highway 111, Ste 102, Palm Desert, CA 92260).Disputes have arisen regarding performance obligations, debt repayment, and the suspension of services.I'm seeking guidance on contractual enforcement, breach implications, and possible remedies or resolution pathways.All communication and key agreements were documented in writing and through Slack.I welcome any recommendations that you might have who are reasonable in costs (especially given the exchange rate 😂).I’m located in Australia, so time zones can be challenging but not insurmountable.Thanks in advance,Damien

She has no debts other than usual living expenses and has not had any credit other than her home as she has always paid cash.