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Updated about 3 years ago,

User Stats

4
Posts
6
Votes
Kason Walton
  • Flipper/Rehabber
  • Laramie, WY
6
Votes |
4
Posts

Partnering just to get loans

Kason Walton
  • Flipper/Rehabber
  • Laramie, WY
Posted

In the past year I have purchased three duplex's and one SFH as rentals. I still have my W2 (career firefighter), I have a handyman construction business, I have some cash reserves and was going to open some HELOC's to have capital to begin flipping / BRRRing. The banks all tell me I am at the very top of my DTI to get more loans. Should I find a partner to offset that ratio? Possibly sell a property to have capital for my construction business for the flips and BRRRs?

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