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Updated 7 months ago on . Most recent reply
Paying debt with a business to improve personal DTI (episode 943)
In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI). Does that apply to conventional loans in general?
If so, I'm wondering if that can help me out. I currently own a condo, a duplex, and my personal home (half of which is rented out) all under my own name. Would simply owning these properties through an LLC (with an associated business account) be enough to benefit from this? Is there some other way to have your rental mortgages paid through a business?