The line of credit property essentially does not exist when considering DTI for the 2nd property?

cash plus existing financing How did you add value to the deal?

Recoated existing tub and added marble looking tile around tub.

If there is a calculator on here that allows me to run numbers for updating an existing property and comparing options, I'd like to hear about it.

I'm a New Jersey investor and I've been utilizing the "subject-to" existing strategy for about 3 years.

Turned it into a 3 bed 2 bath by knocking out a closet and tapping into existing plumbing.

So HOA is not needed to complete the purchase and the loan.I want to get rid of HOA for 2 reasons1) The existing HOA mater insurance policy (commercial) is expensive ($5,000/yr) with very high hurricane deductible (5%) and covers exteriors only; besides I have to buy another 2 residential HO3 insurance policies, each to cover interior of each unit at $600/yr per unit.

Reference HUD SFH 4000.1Also, the Streamline 203k no longer exists.

Biden also proposed eliminating an existing tax break at death (the "step-up" in basis) that allows appreciated assets to pass to heirs tax-free.

Seemed peaceful alright.