Investment Property Financing right at 50% DTI

[Johnathan Karl]

Hello All! New to BP and have a few questions about expanding my portfolio. I recently purchased a new home in May using a VA loan @ 0% down. This home is my primary home, but it does have an apartment in the basement with a completely separate entrance that has cash-flowed enough monthly revenue on Airbnb to cover the mortgage. The acquisition of this home put my DTI right at 50% on paper and I'm having trouble locating a lender to buy an investment property. My questions are; 1. Can I write off 75% of the locked out apartment appraised rent to get my DTI below 50% to qualify for an investment property mortgage this year? 2. If not, if I report the Airbnb revenue as schedule E on 2021 years tax returns will I be able to utilize the tax return to bring down my DTI? Any other ideas to qualify for the next property would be greatly appreciated. At this time I'm sitting on a rather large chunk of change from my first home sale that I have dog eared as a down payment for the next property.