DSCR loans focus on the cash flow generated by the property rather than your personal DTI.

Code § 1709–2 - or commits Equity skimming;, which leads to wire fraud 18 U.S. 

I'd like to talk to someone who can help him make a plan before this gets out of control.Does anyone have a lead on how I can find his next in command that would be appropriate to talk to at Malmstrom or is there maybe an office for this sort of thing? 

If we hadn’t been fraudulently lead to believe it was a cash deal, we would have not said it was a cash deal and I wouldn't be out $10,000 of EM and a realtor threatening to sue me for their lost commission.I have 25 years in this business and have never experienced the out in out lies this company has continuously regurgitated to us, knowing all along the deal wasn’t going to go thru. 

@Andrew Drasch As an entrepreneurial CPA, I believe that mastering your craft is essential, and that investing money strategically leads to greater financial success.

Use the HELOC on cash-generating opportunities like flips, then use the cash generated to buy long-term buy and hold investments. 

I'm sure the property was built before 1978, meaning in must have lead testing done before any tenant moves in and at every turnover.

In that case, using about two-thirds of the HELOC to acquire a multifamily property—perhaps around 10 units max—while ensuring a solid team of contractors and a strong market would be key.I feel that buying just a couple of single-family homes would generate minimal cash flow, making scalability painfully slow.

., you can tell it to write a JavaScript program that estimates what a cost segregation study would save, whether an S corporation makes sense, what return on investment a home generates and so on.

Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.