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Updated over 7 years ago on .

User Stats

2
Posts
0
Votes
Marcin Godlewski
  • Investor
  • Maspeth, NY
0
Votes |
2
Posts

high dept to income due to invedtment property

Marcin Godlewski
  • Investor
  • Maspeth, NY
Posted
hi all quick question... i hit a wall .... where i bought a property 5 years ago it appreciated greatly just refinanced it so i took out my initial investment and then some ......for 20 years at 3.5 % but now my debt to income is high and its hard for me to qualify for a regular mortgage due to high real estate prices. so i want to buy 1- 2 properties but there lies my problem. also i had to personal guarantee my 4 plex