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Updated about 4 years ago on . Most recent reply

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17
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14
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Chris Gomes
  • Wholesaler
  • Denver, CO
14
Votes |
17
Posts

Can you buy in an LLC without affecting personal DTI?

Chris Gomes
  • Wholesaler
  • Denver, CO
Posted

My two partners and I are looking at purchasing a $1M beach vacation rental that should gross about $150k annually under professional management. We are attempting to purchase this property with a 20% down payment. The down payment will be provided by a private lender. Is there a way to purchase this property under an LLC or Corp such that the 80% LTV mortgage does not affect each partner's individual DTI therefore limiting our purchasing power for the duration of the loan?

Most Popular Reply

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5,037
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4,678
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Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Who is signing on the loan? Presumably the bank is going to want someone (or all of you) to provide a guarantee on the loan.

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