Our goals is to brrrr , with our hope to have very little left in debt to our heloc after we refinance.

I then decided to look for a flip based off what I was seeing in my local market.

Hey @Christopher Eduardo, Please talk with a tax lawyer to make your final decision, but in general: In a Chapter 13 bankruptcy, a debtor creates a repayment plan to gradually pay off their debts over a specified period, usually three to five years.

So I saw the data below and am wondering, are americans fighting inflation with debt?

View report*This link comes directly from our calculators, based on information input by the member who posted.

.#3 - based on the year the property is placed in service, 2018 in your case, but applied to the current tax return, 2023 as of today. 

I spoke with my attorney for eviction. but my brother who use to work debt and bill collection told me if this tenant is on social security and works under the table at a job I can't garnish his wages because disability and social security are protected which I find ridiculous since he has been living for free guess these deadbeats know the system so well to get away with things.

Based on your location, security is probably important.

This will still be recourse debt meaning you will serve as a personal guarantor.

As many investors know, lenders typically require more down payment 15-25% and to utilize Debt Service Coverage Ratio or DSCR loans would not allow vacation rental projections or income to be utilized for qualifying purposes.