LLC loans impacting DTI

[Stefan Hirniak]

Hi BP!

Hope everyone is doing really well. I am buying a new construction primary in May and hoping for some advice prior.

I have a relatively high DTI due to 7 other other conventional loans and my broker advised that a new investment prior to closing might impact my ability to close.

Our goal is to do an MTR on the new property and I understand we can’t count the income towards my ratios (since it won’t be on a tax return) which is my main concern.

I am wondering if buying the property in an LLC will help with the DTI issue. I know the load through the LLC will still have a personal guarantee since it's a SFH but wondering if this will show up when we go to close on the new primary.

Thanks a ton for the help and advice.

-stefan