All Forum Posts by: Trevor Densmore

HI

I currently own 2 properties, 1 is a 2 unit multifamily the other is a single family. I am trying to do a cash out refinance but am having a hard time due to my debt to income ratio being to high. I was wonder if someone had advice on getting around this. I need to refinance preferably before the end of this month. I currently have a hard money loan and all my capital is tied up in the properties. Any advice would be greatly appreciated.

Thank you 

Thanks everyone for the help. I will let the insurance company held everything.

@Jill F. thanks, I will contact my insurance. I'm in Chicago, I don't know if I can look up the reports

@Ray Harrell I haven't seen a police report and he hasn't said anything about filling a claim against my insurance. I seen a picture of the step and it looks like a chunk feel off but I haven't seen any evidence of injury yet.

I just purchased my first multi unit a few months ago. This week one of my tenants texted me saying they he injured himself on steps due to one of the step giving way. I haven't seen him yet. He claims he called the ambulance and was in the hospital for a week. I sent someone to check on him but they couldn't get in. He claims that he can't move to get to the door. I don't really believe him but I want to make sure I handle this situation properly. If anyone can give me some advice on this situation I would greatly appreciate it. 

Has anyone done business with Ridgeway lending? They are listed on Biggerpockets Hard money lenders page and I wanted to know what peoples experience has been with them. Thank you in advance.