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Updated over 5 years ago,

User Stats

13
Posts
2
Votes
Taghlub A. Nassar
  • Rental Property Investor
  • Lanham, MD
2
Votes |
13
Posts

Won an auction, DTI is High to secure Loan

Taghlub A. Nassar
  • Rental Property Investor
  • Lanham, MD
Posted

I have won an auction on a house that I just love to own for myself and I know that after the touch ups it needs, the value added will be at least 100k more than the purchase price. The fixing it needs is about 25-30k (On the high end). The issue I have now is that it’s coming up to 54% debt to Income Ratio.

I have a little over 30k for closing/down payment!

Solutions?

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