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Updated 6 months ago,
Rick AlbertPoster#3 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
- 1,362
- Votes |
- 1,863
- Posts
Buying without counting towards DTI
Hello!
I am wondering what the work around is to purchase properties without it counting towards my DTI. Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.
One thought I had was start purchasing under an LLC and have the LLC take out the loan. I'm getting conflicting information on whether or not it will work because I would the sole owner of said LLC.
Any advice would be appreciated. I buy all over the United States and plan on buying at least 2-4 more over the next 12 months.
Thanks!