Trouble with Bank re-financing.

[Nitin Shrawagi]

Experts, need your opinion - especially from folks who own several SFRs in a partnership. My partner and I have W2 jobs and 8 SFH rentals. I have title/financing on 4+ my primary residence and my partner is in similar boat. We file taxes for all of them under our LLC name.

While the interest rates are historically low during pandemic, it seems like its getting harder and harder to get bank financing and/or to refinance them. I am denied of financing on my primary home on the basis of debt to income ration with the strange rule that they are calculating the rental house expenses (Principle/interest/Taxes/HOA/Insurance) 100% for me but the rental income is considered only 50% as I have a partner.

Any experiences?  May be we need to structure this differently? If any real estate attorneys on the forums, would like to hear from them. 

TIA