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 8 years ago,
Trying to buy an investment property but the DTI is a problem
I recently purchased a single family home for myself. Now I would like to purchase a two family home to rent out. I have enough money to pay up to 30% down payment as well as reserves for 4 months for each property.my credit is almost excellent but I can't get past the DTI. IT'S EXTREMELY DEPRESSING. I work alot of hours already so getting any type of meaningful seconf job is not an option. What do I do? I don't have alot of debt the biggest problem is the mortgage payment when compared to my income. Refinancing isn't an option as I just closed on my loan with an excellent interest rate. What can I do?