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Updated almost 6 years ago,
Creative Financing due to student loan debt
Hello BP,
I am an investor from Indianapolis, IN. I just recently bought my first live in flip project and have already put quite a bit of work into it. About $40k total so far. As the work begins to slow, I am eager to move on to the next deal. However, because of student loan debt., my debt to income ratio is pretty much maxed out. This is just according to one lender.
Would it be possible that other lenders would still provide financing?
What are some other ways to acquire financing with a high debt to income ratio? Are hard money lenders an option?
Please let me know your thoughts!