If there is nothing in writing about the renovations I would put a stop to the right away - I foresee him having to undo all of the work as I'd assume it was not proposed and approved with permitting which means your friend is going to have to undo all of these modifications.

It is your monthly debt liabilities + your proposed monthly mortgage payment divided by your gross monthly income.The HELOC will affect your DTI ratio and thus reduce your maximum approval amount.You should talk to a lender so that you can get pre-approved.

We do deals all the time where people are added to Operating Agreements because they bring something to the table like: Money, Credit Score, or Experience which allows for better terms on the loan.I could still propose that.

It was suggested to me that a more accurate way is to base it on the square footage of the proposed building.

what format should my packet be when proposing to investors and lenders?

what format should my packet be when proposing to investors and lenders?

If you want to close sooner, propose a sooner closing date.

If a moderator proposed a few resolutions and each side provided solutions, the discussion could be very interesting.

Proposed renovation plan and justification for the renovations4.

I proposed coming on as a partner in the property.