Debt ratio too high for loan due to other properties...

[George Sharrett]

I am in the pre-qualifying phase with a lender. She is concerned that my debt ratio is too high. I own a single family home and two duplexes with a partner in an LLC. Our accountant showed a $200.00 loss for the duplexes this past year.

How are other people getting financing on a rental property when they already own several others? Do I need to take a tax hit and show income from the rentals in order to have a proper debt/income ratio?

I would love to hear how others are making it work.

Many thanks,

George