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Updated about 6 years ago,
DTI ratio too is high. What should I do?
I have yet to make my leap into to my first investment property but I'm trying to do so now. I'd like to purchase a second property for a new primary residency but keep my current home and rent it out. My issue comes with my DTI ratio being too high to have both properties on my credit report. What would be the best route to go to make it work to where I can have both properties?
I thought about "purchasing" my current property with an LLC. Is this a good route?