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Updated almost 4 years ago,
Trouble getting approved for additional investment properties
Hello BP, I am having trouble expanding on my current portfolio. I am not getting approved though any lenders and Ive spoken with 8 different companies. The problem that keeps coming up is my DTI doesn't meet their standards. I have heard that lenders will count the rental income as earned income that should help my DTI? Any tips on how I can get around this? Right now I currently have 3 properties, 2 SFH rentals and my current residence. Any financing tips would be appreciated.