All Forum Posts by: Peter Surowski

Last year, I was living in my primary residence and working on a flip for much of the year. Since I had a house that wasn't generating any revenue, my DTI was about 55 percent, as shown on my 2020 income tax returns. But this year, I no longer have that flip, so my only house that's not generating revenue is my primary residence. My current DTI is 45.

I'm trying to get a home mortgage to buy a new primary residence. I know a DTI of 45 is still a little high, but I'm told it's passable. But will my DTI of 55 that I had last year sabotage my chances of getting a traditional primary residence loan?

How can I test the condition of an electrical system on a house where the power has been shut off? There's a deal I'm considering, it will be a good deal if the electrical system doesn't need to be completely ripped out and replaced. It will still be a good deal if it needs repair work here and there. But the owners have been neglecting the property for decades and the power hasn't been turned on in who-knows-how-long.

Do you know how I can approach this problem?

@Oyin A.It’s been a while now. How did your Networth deal turn out in the end?