I did not take into consideration the possibility of the city deeming it an unsafe structure and requiring an architect or engineer as I had assumed I would simply be restoring the original interior framework of the property through the typical permit application process.

But if you pruchased a property cash then you show $0 debt on it with all cash flow to use as income for the next investment.

Hey BP Fam, we’re in the process of trying to pick up another rental property but we’re being told our debt/income ratio has become too high.

Hard money is an asset-backed loan, which means you don’t need a 750 credit score, two or more years of employment, or a debt to income ratio 36% or lower like traditional lenders require.

Well it appraised for $224k I had paid down the debt to $159k so Ive got a solid $64k in equity.

Purchasing more properties using cheap fixed debt as a hedge against inflation and a way to gain more depreciable basis.3.

Allen,If you are having a DTI issue but have 30% to put down look at a Debt servicing loan. 

You CAN use rental income from an investment property being purchased to reduce your debt to income ratio..if the property already has a tenant you can use the existing lease.

My understanding is that even though there is a moratorium, the tenants are still liable for the debt.

BRRRR is the most efficient way to start/grow a small portfolio, but impatience expressed financially is debt, so you can't be shy about racking up mortgages.Once you get going with BRRRR you will get to a point fairly rapidly where your personal income streams that exist now could not cover your debt service payments for your investment properties and how far past that point you are willing to go will determine your growth potential.