DTI, Cash Out Refi Situation

[Taylor Johnson]

Hey biggerpockets fam I am having issues with financing and wanted to see if anyone had tips!

I bought 2 properties about 16 months ago, did repairs on them so on my 2021 tax returns my real estate shows a loss, with both mortgage payments my DTI is around 32%, I have 2 self employed businesses and I am having issues getting approved for a cash our refi on one of my properties.

At current situations both properties combined cash flow ~$600 but from talking to a few lenders that doesn't matter since my most recent tax return shows a loss.

I wanted to reach out to see if anyone had gone through this or had ideas for things I could do besides waiting until I file taxes for 2022.

I have cash set aside that I was hoping to invest this year into another property but being held up on the lending side