Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply
Debt to Income ratio for STR's....
Hey Everyone! Thanks for reading this! we are looking to purchase another STR but our DTI is too low. This is because the other STR we own cant be used as monthly income. Has anyone found a good way around this? It is my understanding that you can use 75% of the fair market rent for a property for Fannie loans. Our lender did not know about this but wondering about others experiences? Thanks!
Most Popular Reply
Hi @Alex Bekeza, Thanks for the fantastic info. Its incredibly frustrating given how much the other STR is making that we cant use an ounce of it to qualify for a new loan. Yes I own 2 other companies and so most of my income is self employed. We are in Texas. Would you happen to be able to service one of these "commercial" options. If so would love to chat. Noah