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Updated over 1 year ago,
Real estate Update!!
Hey guys I’m in need of some Advice !
So one of my Ltr tenants have broken the lease that we had in place and he have successfully moved out ! Which mean I now have 1of 3 units free he was suppose to leave this year November
Now the problem is I have already been in the process of trying to get a Heloc to cover the renovations I plan to do to the u it's but it's looking like me and my partner DTI is making that difficult and we might have to pivot were given the option to use a DSCR Loan to cover the rehab instead but that mean I would lose my currrent low mortgage Rate to do this loan which I didn't want to Lose but with renovations I will be making double on Airbnb ! Potential 80-100k if renovated correctly would love to hear you guys input really would appreciate it !