DTI too high for BRRRR

[Kyle Ritt]

Hey Everybody! I am looking at doing some BRRRR investing in Columbus, Ohio and to make sure that I could qualify for the refinance, the lender that I spoke to (and went through the whole application process with) notified my wife and I that our back end DTI would be too high even for a property that is hitting the 1% rule! I am self employed but my wife has a solid W2 job and even so the DTI was too high together. Does anybody have any recommendations on lenders in the Columbus area who do a hybrid or "asset based" loan that does not require the stringent DTI ratio of Freddie/Fannie? We both own a duplex in the Portland area and we both have at least 50k in equity in each of those properties. Our owner occupied single family home is what seems to be hindering our debt ratio. Thank you all in advance for your responses!

[Remington Lyman]

@Kyle Ritt I know some lenders that do exactly what you are talking about but I believe the loan amount has to be over $100,000 or $120,000. If this works for you I can send you the PDF they sent me.