Lending when maxed your D2I

[Brett Danehey]

1st off I've been scanning and combing the forums posts to try to find some info on this and I haven't found much. So my predicament is that I close on a property on Nov. 30th, but this property will maximize my Debt to income. Since my properties according to my broker haven't hit 2 years for seasoning they all fall as debt and I can't include my rents as income. 

SO, I'm looking for lenders, that will 1 lend and take a lease as a way not to include my current rentals as "debt". So, I can continue to keep buying. Or 2 will lend to an LLC without looking at D2I on myself and will look more at lending on the asset. Vizio lending does this but they quoted me at 5.5% Which kills my deals in my market in terms of does it make cash flow sense. Or 3 a lender with a shorter seasoning requirement.

Any tips on brokers/lenders to reach out to would be awesome. I'm learning my investing career is 90% vetting people on the phone..haha. 

Cheers everyone.

Brett

[Sean McCluskey]

@Brett Danehey You don’t need to use a commercial lender. Just call around different mortgage brokers and most of them will probably be able to use the rents from your rentals, before 2 years have gone by. That is an overlay, a restriction out on the loan officer from the company that they work for. A lender with no 2-year overlay will use the rents.