If the tenant refuses to cooperate, begin the eviction process.

@Mario Morales - As some others have said I think the strategy is sound, but the key would be to find a distressed property that you can drive up the value with renovations so that the new value is 25% higher than the purchase price so you pay back your HELOC.

It is in my book (available in January) and the score sheet is part of my forms package available for purchase.

However, due to keep purchasing real estate, my DTI is high and close to 50%.

Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

I currently own one property, and I’m planning to purchase another.

Also, what is your price range for a purchase and are you looking for turn-key or a fixer upper?

Purchase price: $35,000 Cash invested: $38,000 Another flip ready in the market. https://www.zillow.com/homedetails/4467-Sims-St-Columbus-GA-31907/76572533_zpid/

This can be a very long and annoying process and you're not guaranteed to get approved.