That's a method of borrowing so you can borrow.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want vs cash out where you have to draw all the money after closing.Many borrowers would keep opening lines of credit, assuming you have the equity + income to qualify, as you keep rinsing and repeating the heloc process.

You can certainly borrow against your investment properties utilizing creative income guidelines, including bank statement or DSCR.

There are many different successful strategies depending on your cash, borrowing ability, rehab skills, time, local contacts, or lack of any or all of them.

I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simple Start or Essentials versions to be used.As a private lender I’ve been using Customer for borrower and Job for each borrower loan … seems to work.

This is very similar to adjusting DTI if the borrower owns cash flowing rental properties in addition to their primary residence. 

Hello,I'm planning on investing in a 4 unit property with my sister-in-law using her as the primary buyer qualifying for a first time homebuyers program and me providing the capital and being a co-borrower on the loan.

It MIGHT affect how much you can borrow with a DSCR loan if you’re not lying.

How much were you looking to borrow? 

do not forget - can I borrow for the closing costs as well?