New landlord wanting a 2nd rental up against DTI

[Lance Smith]

Hello,

I'll try to be brief....

We just bought a new house and have rented out our old one. However, in the process we came up against DTI issues. We had to provide a signed lease and proof that the 1st months rent was deposited in order to qualify for both mortgages. They did count the lease as income for the year. We are, or may be depending on the circumstances, back in the market for another rental. We have enough down payment to cover a $325K purchase and provide us with $25K in cushion on top of a cushion for the other property. With all that, how do I address the DTI issues?

Thanks in advance,

Lance

[Upen Patel]