Trying to work around my DTI

[Marco Kittrell]

Hello,

I am still learning my niche (purchasing rentals) My wife and I purchase three rentals together and I'm looking to purchase the next on my own but I'm unable to because of my DTI. We have two LLC and have the intentions on moving the properties into them however I don't think that will help my DTI or will it? I guess my question is aside from paying off my debt is there another way around this dreaded DTI?

Thanks in advance.

[Chris Mason]

Originally posted by @Marco Kittrell:

Thanks Michael, all the properties are currently rented.  I will use your advice and see how it goes.  You mention "buying right" can you elaborate more?  

He's basically saying that if you're buying cashflow positive properties, DTI should actually improve with each acquisition. Assuming you are working with a REI-friendly lender, which it sounds like you aren't.

I bet @Russell Brazil knows a lender in your area that can make your DTI "issue" evaporate overnight with copies of leases, tax returns, and mortgage statements for each property.