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Updated almost 3 years ago,

User Stats

185
Posts
156
Votes
Brian Wilson
  • Investor
  • Longmont, CO
156
Votes |
185
Posts

DTI - 10% Down Payment Strategy

Brian Wilson
  • Investor
  • Longmont, CO
Posted

My understanding is that when purchasing a STR property using a 10% second home loan, you can't use potential STR revenue to qualify for the loan.

If this understanding is true, does your revenue count towards reducing DTI when you are pursuing additional 10% second home loans in different markets?

Second question, what qualifies as a different market? Is it a certain mileage separation (over 50 miles)? Or state based. 

Thanks everyone! 

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