This debt type would throw economic projections for economists and increase the risk of lending for lenders.Phantom Debt is created when a consumer chooses the Buy Now Pay Later (payment plan) option when making online purchases.These types of payments are not currently reported to any credit agencies as debt which is why they have been given the term "phantom."

Please keep in mind the April 15th deadline is coming so folks are really busy! 

I am trying to create a 100% pass through legal entity that will not be subject to any taxes or obligations to pay anyone within the entity a salary. 

Even if the units aren't completed you will get folks that will want to sign a lease due to location or price.

The folks at mass save said there is a new program as of 2023 that offers $5000 per unit for knob and tube remediation and said I could take a heat loan of max $10,000 per unit as well for the balance so I am hoping that is true.

Lenders also want to know that the property will bring in enough money to pay back the loan.

Can he keep showing the place and when  he get someone else ready to pay and move in, can he cancel the section 8 process? 

But when I add in the cost of paying on the HELOC as well, it gets even farther from penciling.

My guess is yes in which case, get a copy of the document and let the family pay the back rent. 

Are you planning on it being a super quick flip and don't want to pay the rates on a bridge loan?