Bank Financing hit a snag

[Brian Williams]

Quick recap: I started investing a couple years ago and was able to acquire 5 rental properties. I used the BRRR method for all of them except the first one. Currently I have 2 refinance payments and one mortgage from my very first property - two properties are owned free and clear. The cash flow from my properties allow me to pay all of my bills so I've been maxing out my 403b/457 plan at work 38,000 for the past two years. By maxing out both retirement accounts it destroys my W2 income and my chance to ever try to get financing again. If I'm unable to raise money through my network how else could I get financing for a deal with no W2 income and a high debt to income ratio?

[Lien Vuong]

You should be able to add in your rental income (Schedule E) in addition with your W2 wage to increase that. You can also explain to the bank that you're getting income and have assets to cover yourself. I think you probably have to approach a Credit Union or local bank who will look at the holistic picture of your financial health rather than a large lender. They can sit down and figure out your DTI in a more meaningful way.