Solid Deal I Can’t Get / Help!

[Brittaney Allison]

Hello,

Basically I found a great deal but I am unable to take advantage of it in any way. Not sure if I should sit back or search for private lending but this is all a first for me. Not sure what to do! 

Here’s a quick break down.

I can't get approved for a loan because my DTI is about 5% too high with the property. Secondly the I wanted to obtain the property with no or little money down in other words FHA but I don't live in the area nor do I work remote.

Property: Single Family w/ Adu 
- Both spaces rented - Way below median rental 

- home is listed about 70k lower than appraised

How does one acquire a property they know is a great investment when they can’t? 

[Tanner Lewis]

I think this one would make sense as a DSCR loan, but you would be putting 20% down on it. You can also bring on another investor to bring the money for the down payment and fund the remainder with debt. You would tack on the equity investor as an owner of the LLC that holds title