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Updated over 9 years ago on . Most recent reply

User Stats

96
Posts
15
Votes
Braden Hobbs
  • Rental Property Investor
  • Denver, CO
15
Votes |
96
Posts

Buying buy/hold property with no DTI room?

Braden Hobbs
  • Rental Property Investor
  • Denver, CO
Posted

I am currently seeking to buy my first investment property but with my own primary home loan I won't have any room under DTI restrictions to get a personal mortgage on a second property.

What are some ways to get around this? Or am I stuck with Private/Hard money as my only option? 

If my only option is private or hard money I'm afraid to carry that financing for 2 years before being able to get a loan based on the rental income. Or am I wrong in that thinking?

Most Popular Reply

User Stats

96
Posts
15
Votes
Braden Hobbs
  • Rental Property Investor
  • Denver, CO
15
Votes |
96
Posts
Braden Hobbs
  • Rental Property Investor
  • Denver, CO
Replied

@Chris Hiatt

Debt-to-income - There's a percentage that you have to stay under based on all your current debt to income. Then there's front-end and back-end DTI, front end is just your mortgage debt to gross income, while back-end is everything.

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