Don’t qualify - What to do?

[Austin Largusa]

Figured I could get help from the pros in here. Wife stopped working after our 3rd child so she could stay home. Affected our DTI causing us to not qualify for a loan

What could you do with 30k? How would you get started?

Ultimate goal: own enough doors to bring in 4K a month on cashflow. That should be about 10-12 in the next 10 years 

[Dan Bryskin]

@Austin Largusa

You may look at commercial mortgage products or some favor of portfolio financing. Some banks will write commercial paper on 1-4 units. They want 25% down and evaluate property, not your DTI. They want 1.15 - 1.25 coverage, so you need to get $1.25 in rents for every $1 in mortgage. Some will finance rehab. Good luck.