Debt to Income Ration Problems?

[Swaga Deb]

Hello All,

Fairly new investor here and I just finished my first successful BRRR. When I went to refinance I was told my Debt to Income ratio is off and I wasn't able to pull the full 80% out. (That was about a month ago) By chance I have possibly found another property and I planned to use a HELOC to purchase and rehab with my own funds. But I did not qualify because of my DTI...has anyone else encountered this and what did you do to solve your issues so you don't miss out on deals?

The bank has offered me another type of loan which is more of a 2nd mortgage on my primary that I could use but it's not a HELOC. Not sure if I should take this 2nd mortgage, any suggestions?

 Any help would be appreciated as I am a newbie.

Thanks,

Swaga (Sha-ga)