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Updated almost 3 years ago,

User Stats

13
Posts
6
Votes
Brian Silvia
  • New to Real Estate
  • Baltimore
6
Votes |
13
Posts

How to refi (BRRR) in an LLC without personal DTI constraint?

Brian Silvia
  • New to Real Estate
  • Baltimore
Posted

My wife and I are in the process of BRRRRing 2 properties (held in an LLC, we purchased both with cash). We talked to a lender about the refi step for the first rental property, and were told that one of us has to persoanlly guarantee the mortgage, which means that our personal DTI will get factored in, and rental income from properties won't get taken into consideration until they are reported in 2 years of tax returns.

Is this standard across all lenders? If so, how do people BRRRR multiple properties a year, without being limited by their DTI?

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