HELOC, Refi, and DTI

[Justin Wotring]

Hey all,

So my wife and I are on the same page about taking a HELOC on our primary residence to fund the purchase of a property, BRRRR it, and cash-out refi to pay back the HELOC. I've calculated our %DTI, and currently it's at 29.9%. With the HELOC payment added, this will obviously push me closer to the 43% DTI mark. Will I be able to refi if I'm still making payments on the HELOC and the new loan on the investment property pushes me over 43%, or will the banks see that I'll be paying off the HELOC and that debt will go away? I don't want to be in a position where I won't be able to refinance and get my capital out. Thanks in advance for the advice.