Rental needs emergency repairs, personal DTI too high for personal loans

[Tabitha Bean]

My novice status will show here...I recently purchased a 4-unit multi-family property in Washington, DC. Though this has seriously boosted my net worth, it has stuffed my cash flow into the trash.

I have a significant amount of equity in this and other properties, but thanks to this property shooting my DTI so high, everywhere I go I get shot down for HELOC's and personal home improvement loans. I did some research on Fund & Grow, but it makes me feel uncomfortable because I have no experience with something that CREATIVE. I have one high credit card balance that I am able to pay down now, but I can't even apply for Fund & Grow's services for 3 months after the balance is paid down.

My contractor and crew are waiting for the word today though. This is a real growing pain for me as I am leveling up as an investor. I am feeling discouraged because I am hoping to continue to grow my portfolio, excited to purchase more single-family homes without any doubts about my ability to manage my portfolio with great success. But not if I am stuck without any access to financing. I think this is a knowledge issue and that many of you out there know ways to turn this situation into a fairly simple solution.

Grateful for any advice!