Help in the Denver Market!

[Dylan Eggers]

Hello BP! I'm only 20 years old with a car loan and I'm slowly establishing my credit, however, my partner already owns a few properties and is financially stable. We haven't pulled the trigger on anything because we feel we won't be able to get a loan because my debt to income isn't very good. We have an LLC and were looking for a triplex or fourplex in Colorado so that I can live in one of the units and house hack, we both have about 15-20k to invest. How can we get around my poor DTI and find a good deal in Colorado?

[Travis Sperr]

Only one way to improve DTI - make more money or have lower expenses.

If you plan to house hack the LLC isn't going to do you any good.

Step one is to find financing - what can you realistically do or what steps do you need to take so you qualify.

Step two find a property that meets the qualifications from step one. 

and good luck - very challenging but possible in our market to get a multi-unit.