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Updated about 9 years ago on . Most recent reply

User Stats

132
Posts
27
Votes
Mario J Perez
  • Investor
  • San Juan, Puerto Rico
27
Votes |
132
Posts

Debt to income

Mario J Perez
  • Investor
  • San Juan, Puerto Rico
Posted

If my debt to income ratio is too high, what can I do in order to qualify for a loan to purchase a rental property? I was thinking along the lines of working with a private lender or getting a partner.

Most Popular Reply

User Stats

184
Posts
122
Votes
Dan Vleck
  • Deerwood, MN
122
Votes |
184
Posts
Dan Vleck
  • Deerwood, MN
Replied

I agree with @Account Closed.  When I got started, I paid off my residence and most consumer debt.  Then I saved up for down payments for rentals.  

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