How to use Brrr strategy when you max your credit

[Franky Juwana]

Hi Biggerpocketers! 

      So i have a personal house that i live in and im in the process of my first buy and hold property. 

     My lender said that I'm literally max out on Debt Income Ratio to borrow after this deal. 

My question is, if you refi on the investment property to purchase another one, but my credit is maxed out, how the BRRR could work?Do I need to wait till my Debt decrease? Do i need to pay off one of the house mortgage? Or put larger down payment? Or buy it cash? (Which defeat the purpose of using OPM leverage and i have no large cash anyway).

Anybody has the same dillema? What is the solution for this?

Thx again. 

[Curt Davis]

You might want to check with another lender. You should be able to do one at a time and if all the homes are rented out that should help you.  Contact a lender who is investor friendly.

Good luck