Debt to Income is too high

[Travis Evenson]

I am currently investing in CA and live in Texas and would like to start investing in OH. My issue is that my debt to income is too high to secure another conventional loan. I have a friend that will invest with me but I am unsure on how to get a loan with him. What is the best path forward to secure a long-term loan? I have enough for a 20% down payment.

[Courtney James]

@Travis Evenson

Try alternative options such as seller financing which is alive and well, if you can find the right seller. 

Try connecting with investors in Ohio with larger portfolios, they may be experienced in SF and more apt to lending to you. Also, could you elaborate on the friend who is willing to invest with you? Are you thinking of combining funds as a partnership, or would they be simply a lender?