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Updated over 9 years ago on . Most recent reply
Overcoming high debt to income ratio
I have a very high debt to income ratio, and even though all of my properties are cash-flowing significantly, and my debt obligations are more than covered each month, I'm having a hard time finding anyone to lend me any money to do more deals. I have great credit, and I'm looking for any suggestions on ways to find capital that my debt to income ratio would not be a factor.
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Nicole A.
Pro Member
- Rental Property Investor
- Baltimore County Maryland and Tampa Florida
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Are you set on just continuing to purchase properties? Why not take the next few months to a year to aggressively pay down your debt. This will help you get loans and also make you cash flow even more.
If you keep going into debt, you'll eventually run too thin.