All Forum Posts by: Chris I.

@Josh M. So in my experience, how the DTI is calculated is different with each lender. I've used HELOCs multiple times with different lenders. They have always calculated a percentage of the available credit against my DTI, even with NO balance. One lender they attribute 35% of the full credit limit, at the other they used 50%. I don't know which lenders are saying they use 0%, possible I suppose. But, that would be high risk to them. You're currently at zero, you used some of your heloc as a down payment to get a new loan, then immediately max out the heloc super jumping your DTI... they are trying to hedge against that scenario.

Sorry to hear, i'm a software dev/tech guy.

I'd recommend going forward to turn on 2factor auth on all services (banks, email, brokerages, etc) and use an authenticator app NOT text message 2factor if possible.  Authenticator apps like google authenticator, authy, or one built into your password mgr.

Also use a password manager app like 1Password or LastPass, so that it generates loooong unique passwords for every site/service that even you don't know but can unlock using a "master" password.

I personally use 1Password, works great

Cheers

Use TurnoverBnB to find people. 

I don't do flips, but I've replaced tons of windows over the years.  I've always used Milgard, no real reason other than they're nice looking, multi-pane, work well.  I've always just got them through Lowe's or Home Depot.  Maybe you can find them cheaper elsewhere, haven't really bothered

Crested butte housing shortage for locals has been in the news alot lately

https://www.outsideonline.com/...

https://www.npr.org/2021/07/20...

I used Super Electric about a year ago to replace a 1970's electric panel in a condo.  So it's smaller than a regular panel and it wasn't moved, it cost about $2k.

@Ryan Niec are there no STR restrictions at that complex?

@Michael Baum ah, thanks for clarifying 

You guys use hardiboard for exterior siding on structure?  That's interesting, I've never heard of such a thing.  I've only ever used for bathroom walls/floors before tiling or creating an outdoor bbq before faux bricking, etc.

Pretty much all small multi-family in Phoenix are in C-D areas of town.  Know what you'd be getting into and the type of tenants you'd have.  Obviously, there are a few exceptions, but good luck paying less than $200K per door for one.