Creative financing help

[Eric Perez]

Recently purchased my first two rental properties.  I was told that I have to wait two years before I can purchase my third home. I was also told that the two houses count as a liability and not an asset until I have two years experience as a landlord( Debit to income ratio is to high).

What is the quickest way around this problem?

[Bill Gulley]

Originally posted by @Eric Perez:

Recently purchased my first two rental properties.  I was told that I have to wait two years before I can purchase my third home. I was also told that the two houses count as a liability and not an asset until I have two years experience as a landlord( Debit to income ratio is to high).

What is the quickest way around this problem?

 Not true, that's with that lender, go find another one! 

The debt counts as a liability. After 2 years the may off set the payments in your ratios with a % of rental income (generally 75%), that is to the income side. Assets are obtained from the day you closed and offset the liability for net worth. Two different issues, assets and liabilities and income for the ability to repay. 

Find another adviser, LOL :)