![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3176978/small_1738261554-avatar-robeln2.jpg?twic=v1/output=image&v=2)
9 February 2025 | 2 replies
Quote from @Robel Nessro: Hi what's Good Debt and Bad Debt and what is considered good debt and what is also considered bad debt?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3184696/small_1739862500-avatar-lillyf6.jpg?twic=v1/output=image&v=2)
18 February 2025 | 1 reply
In addition, to factor in their debt load, I require the rent + monthly debt payments to be no more than 45% of their GROSS monthly income.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3090413/small_1722520612-avatar-matts1289.jpg?twic=v1/output=image&v=2)
17 February 2025 | 5 replies
@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2413292/small_1695626534-avatar-makib1.jpg?twic=v1/output=image&v=2)
16 February 2025 | 6 replies
Why not take out a loan from the equity to pay off that debt?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2119491/small_1695306747-avatar-brucey11.jpg?twic=v1/output=image&v=2)
16 February 2025 | 17 replies
He has since restored his credit (740) and has stable employment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2413292/small_1695626534-avatar-makib1.jpg?twic=v1/output=image&v=2)
8 February 2025 | 8 replies
ps Google 'Dave Ramsey' and 'Debt Snowball'
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/938996/small_1713545900-avatar-steweystewstu.jpg?twic=v1/output=image&v=2)
11 February 2025 | 4 replies
We were hoping to get agency debt on this to get the best rate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3148691/small_1732212843-avatar-alexm1328.jpg?twic=v1/output=image&v=2)
4 February 2025 | 12 replies
Is it common to purchase a home with other debt?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3183937/small_1739731433-avatar-rachelf117.jpg?twic=v1/output=image&v=2)
17 February 2025 | 4 replies
Then get a GC to give you a tight proposed budget to restore this old beauty back to it's former glory.This sounds like a $200k - $300k remodel at least.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2866789/small_1698872978-avatar-dianamulvi.jpg?twic=v1/output=image&v=2)
12 February 2025 | 17 replies
Congrats and knock out that extra debt you accumulated so you can save up for STR #2!