Should I be worried about my DTI?

[Jean-Paul E. Gagnon]

Hi folks.

Just dipping my toes into the whole "private lender" thing.

Conventional lenders are not lending to me because the deal I'm considering will bring my DTI from 5p% to 53%.

Found a guy on BP who is fine with that DTI and ready to lend.

Question: is this too good to be true? If the banks dont want to lend, is there a good reason? If I push myself up to 53% am I putting myself at risk? What am I missing?

Some after deal financial basics:

Deal I'm considering will put me at 6 multi familys.

Total cash flow including w2 job will be $5900/month

$10k in reserves right now.

Thanks for any feedback