Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

4
Posts
3
Votes
Adam Wright
  • Investor
  • Dallas, TX
3
Votes |
4
Posts

High DTI Preventing Loan Approval

Adam Wright
  • Investor
  • Dallas, TX
Posted

Hello,

I'm looking to purchase my next rental property and have run into a snag with financing.  My Debt To Income ratio is currently around 50%, which prevents me from taking out a conventional loan.  I have the cash on hand to cover closing costs of the properties I'm looking at, but just can not get the financing part approved.  I've already been turned down by several lenders.  Anyone have suggestions for what to do next or where to look for financing a cash flow positive investment?

Thanks ahead of time!

Loading replies...