How can Refi with a high DTI?

[Frank Rizzo]

I am a buy and hold investor. Over the past 2 years I have acquired 9 units/4 properties. My primary residence is a single family with 2 rental cottages on the property. I added a lot of value to it and would like to do a cash out refi or get a heloc. The problem I am having is my DTI. The more properties I have the higher the debt. Even with them all cash flowing, the DTI goes up with every property. I understand that i may be hitting the end of the line with getting personal loans. The question is how can i get personal financing to do a cash out refi with a DTI of 55%? Any imput is much appreciated?

[Matt Devincenzo]

If your properties are cash flowing your DTI should be going down, not up. You may need to switch bankers/brokers to someone else that knows how to correctly calculate DTI. Your net monthly cash flow should offset your mortgage dollar for dollar, not be added to your income and then add the debt to your DTI. Here is an article that goes over the info in a bit more detail, and Chris is a BP user as well as a broker I personally have used for three loans and he knows his stuff.