Worst case on maximizing cash flow is you miss out on a few deals but the flip side is leverage maximizes your losses in the downturn if you cannot afford to service the debt load.

There are loans where you can get the rehab dollars in the same 30 year loan and then the debt is all on the rental property, not your personal residence.

So my understanding its more complicated than residential loans..1) Debt to service ratio should be more than 1.2...What does it mean?

Really no point playing in Austin if you're $450,000 in debt and have a credit score of 502. 

Is it possible to pay off their initial debt and then set up a sub2 or owner financed option?

So now am working a second job, paying down hurricane debt, and will start saving g again in a couple of months.

Is it possible to pay off their initial debt and then set up a sub2 or owner financed option?

hi everyone i am a newbie and i have a question about a line of credit i want to take on my personal residence. i have around 650k equity on a million dollar home with 350k (mortgage + old line of credit combined). i wanted to take a new line of credit of about 500k to pay off the old mortgage and line of credit to be left with around 150k cash for some home improvements. i have been seeing rates around 5% but suntrust (link below) has an offer for 3.75% plus -.25% discount if paying from a suntrust account making the rate 3.5%. 

Wish they could own a home, but aren't ready yet for whatever reason (no down payment, debt to income ratio too high, etc.)Duplex: Not too much different than a single family home, as you're only sharing one wall, a fence, and a driveway.

If the deal fell through with the agency debt then it probably was a good thing.