Capped out on Income to Debt ratio

[Javier Carrizosa]

Hello!

I've been working hard to build my rental property portfolio. But I'm currently at a dead end! I currently have 7 rental property mortgages, all Cash flowing decently and with some equity on them. The thing is that apparently I'm maxed out on my debt to income ratio and therefore cannot get any further conventional loans. I even tried recently getting a HELOC and it was a no go even though my credit score is in the 800s and the reason was also debt to income ratio.

My question is where can I go from here to keep growing?

One idea is to set up an LLC and put some of my rentals under that in order to build credit overtime. I believe I would have to wait around two years for the LLC to qualify for commercial loans. If I go this route, would I just transfer the property titles to the LLC? Seems like all I could do, and then somehow refinance/sell the property into the LLC down the road?

I would like to get the LLC started for sure but don't necessarily want to wait 2 years in order to acquire more properties.

I appreciate any ideas/strategies!

[Javier Carrizosa]

Great thanks for the tips guys. I would imagine that one could refinance my current mortgages into the LLC using the same DSCR loans? Or is there a better way of approaching that?

Thanks again!