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Updated almost 5 years ago, 01/09/2020
Debt to income ratio for short term rental loan?
I am new to real estate investing and really intrigued by the short term rental strategy. I recently sold my first business and have a good chunk to invest in my first property. However, I found by talking to a lender that potential rental income cannot be used in debt to income to help qualify for the loan in short term rentals, only in long term rentals. Has anyone found a way around this? With a new property my debt to income increases to around 55% without the income from a short term rental property.
Thanks in advance!