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Updated about 5 years ago on . Most recent reply

User Stats

35
Posts
10
Votes
Pablo Barrientos
  • Rental Property Investor
  • Springfield, NJ
10
Votes |
35
Posts

Cant access my equity :(

Pablo Barrientos
  • Rental Property Investor
  • Springfield, NJ
Posted

Hello bp,

I've been investing since 2015, all has been well and im very happy with my progress so far. I have 2 investment properties and my primary that i purchased last year. I've been able to buy each home by obtaining a heloc on each home and going onto the next. My problem now is my debt to income ratio is now too high(54%) because of all the mortgages i have. I am now having trouble qualifying for another heloc on my primary because of this. I feel stuck and not sure what to do. any advice experienced investors?? 

Most Popular Reply

User Stats

572
Posts
572
Votes
Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
572
Votes |
572
Posts
Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
Replied

It's time to start using private investors instead of banks. You should look at your immediate network of friends and family as well as start networking with RE investors in your area. If you have a proven track record of successful deals, you will find people that want to work with you.

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