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Updated over 8 years ago on . Most recent reply

User Stats

39
Posts
30
Votes
Brandon Redfern
  • Rental Property Investor
  • Greer, SC
30
Votes |
39
Posts

Help! Need financing DTI is getting too high

Brandon Redfern
  • Rental Property Investor
  • Greer, SC
Posted

So I might have gotten a little in over my head. I've bought 3 rental properties in the last 6 years and I have 3 accepted offers on different rental homes just in the past 30 days! This last house, which is the best deal I've found since I started, puts me over the 45% DTI. The other 2 that I'm closing on are fine. I have a few potential partners and know I could do it under their credit but am just wondering if you guys know of a way around 45% DTI or other avenues. It's a higher end rental (Should rent between $1900-$2500) and I think I could cash flow close to $1k a month. These homes are all in the Greenville, Simpsonville, upstate area in SC.

Thanks!

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