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HELP!!! BRRRRing a multi family with high DTI ratio
Hello everyone,
I've tried getting conventional financing, but my DTI is to high due to me taking a lose on my rental property last year. So I have got approved by a hard money lender and I was wondering how hard it would be or what obstacles I will be facing; to do the cash out refinance when I am done with the property while having a high DTI ratio. What are some of your experiences and what should I look into or questions to ask before I get into a crunch time deal.