Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Refinance a house
Hello BP,
I recently bought a house for the family and have another house up for rent. The other house is a relative I know and they gave me permission to do what I want with the house since they moved out. So it's currently under rent. My question is that I tried to refinance the house to get it under my name, but was denied because my debt to ratio would be too great due to the purchase of the new house that's under my name. Are there other ways to go around this? I'm still quite new to the RE investing world so any advise would be helpful, thanks!
Thanks!