Tip on refinancing out of short term loan

[Jimmy Suszynski]

Hello everyone,

If I use a personal loan to buy a property with cash, what happens when I go to refinance? It has a renter in place but selling at a great discount and all the numbers would even when inflating everything in order to err on the conservative side.

If the loan payments are factored into the refinance underwriting, there is no way that the DTI ratio will work out. The payments are just too high since it is amortized over a short term.