How to get approved when debt to income is high

[Nathaniel Hernandez]

Hello everybody, I'm trying to purchase a second rental property to hold but my debt to income is high because Im doing all the loans under my name alone. I own a single and duplex and I would like to purchase another property. I have the down payment for it but I'm afraid I wont qualify. Where can I go to get a loan that debt to income wont kill the deal? 

[Chris Mason]

Originally posted by @Nathaniel Hernandez:

Hello everybody, I'm trying to purchase a second rental property to hold but my debt to income is high because Im doing all the loans under my name alone. I own a single and duplex and I would like to purchase another property. I have the down payment for it but I'm afraid I wont qualify. Where can I go to get a loan that debt to income wont kill the deal? 

 Barring overlays, rental income counts as qualifying income even before it appears on two years of tax returns. Once you've owned it for long enough to appear on tax returns, we go off of tax returns.

With that in mind, are you sure that you are likely to encounter DTI issues? Typically REI that are a) buying good properties and b) being honest when they do their taxes, do not have DTI issues.