High DTI - creative ideas?

[Kim Rock]

I want to purchase another property to buy & hold. I have a high DTI because my primary home is only in my name, yet my husbands income obviously goes towards paying our primary homes mortgage even though he's not on it. Due to his name not being on the loan, my DTI is very high, so I won't qualify on my own. I can not add him to a new loan though for other reasons so that's not a solution, I need to keep it in my name soley.

So - any ideas? I know people will recommend seller financing, but I already tried and that's not going to happen with the property in particular that I am interested in.

Private banks? They seem to be sticking to DTI guidelines.

Could I write up a lease where I "rent" our house to my husband? Or would that not fly, considering we are married? Help me think of a way around this? Or maybe I am just stuck....

[Kevin Kaczmarek]

I would suggest seeking out a non-disqualified family member that wants to earn a rate of return in their IRA. Help them make the IRA self Directed with a custodian like Equity Trust. Come to an agreement of the payback (monthly payments, Interest Rate, length) and that might be your best solution.