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Updated almost 5 years ago on . Most recent reply

User Stats

319
Posts
161
Votes
Trevor Aydelott
  • High Desert, CA
161
Votes |
319
Posts

Reducing my DTI to get financing

Trevor Aydelott
  • High Desert, CA
Posted

So I'm trying to apply the BRRRR method and I came across a speed bump of my DTI.

I had the lender tell me my DTI was to high.

So basically the routes I could take is rent out my current home and I guess they give 75% of the rent. 

Second I believe I can rent out the new property I just purchased and get 75% of that rent. 

Do you know any lenders that lend in Colorado that give higher portions of the rent than 75%? 

Also I thought I read somewhere that if a credit card is for your business and is 0% there are way to not have that count as debt against you. 

Most Popular Reply

User Stats

79
Posts
42
Votes
Doug Crenshaw
  • Real Estate Agent
  • St Petersburg, FL
42
Votes |
79
Posts
Doug Crenshaw
  • Real Estate Agent
  • St Petersburg, FL
Replied

Hello Trevor... Sounds like you need a good Mortgage Broker that can find a multitude of financing options... All of your questions are mortgage related... Find several near you or try some online versions as well... That would be my my advice!

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