All Forum Posts by: Adam Mazzochi

Let’s say you buy an investment house put in your 25 percent rent it out and claim the income on your taxes will my DTI improve? It’s either this or leaving the equity in the house after I renovate and refi which is the same thing right???

Garret one more thing I️ have an S-Corp is this bad??? It’s my construction company too I️ was hoping to not start another Corp. good bad ? WhT do you think???

Garret thank you for your input. Do you purchase commercial properties? I’m considering residential houses to brrrrr not commercial so I’m not sure if that will qualify for a commercial lender refi. Also do you pull back your total BR investment??? If so congratulations my friend good for you :-)

Bret I️ do qualify for heloc that’s why I’m discussing it but the refi might not happen when the bank that’s considering the refi sees my open credit heloc line it adds to the total debt so refi might not be an option right???? HML will not be an issue with DTI because they don’t report to the credit agency’s but you then pay high fees points interest etc. am I️ missing anything???

Yes that was my original thought which was obvious that’s why I️ started this discussion. It looks like I’m going to have to spend more fees on HML’s for the BR. Are there any other ways to skin this cat??? Seems like I️ was going to get the most heloc out of my properties but the obvious answer is the DTI will be more out of my favor and will hinder my refi,... so I️ will only take out what I️ need so I️ can refi. Any other options???

Harjeet what would you do. How would you do it then???

Any cash out after refi will pay off the heloc. I’m looking to pay it off completely or close to it. The goal in the end guys is to be much less then the 25 percent I️ would have to cough up on a turn key investment house so I️ can do it many more times. I️ appreciate all the advise btw people. The purpose of this blog is to learn he better way weather it’s heloc or hml to BR

By the way did I️ ever say I️ love BiggerPockets???lol

So if you guys don’t see an issue with DTI using the heloc when you go to REFI I️m guessing the heloc is the way to go. I️ agree with not wanting to be in this longer then necessary with a HML lol. So if you were in my position is heloc the final answer to finance the brrrr ???

I️ have hard money and a lot of home equity to use for my BRRR strategy. I️ want to know if my home equity line is going to hinder my refi with the debt to equity ratio. I’m torn between using my home equity or hard money. I️ would like to use the home equity for obvious reasons. Your thoughts please :-) :-) :-)