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Updated almost 4 years ago,

User Stats

17
Posts
3
Votes
Dan Green
  • Investor
3
Votes |
17
Posts

How do you lower Debt to Income Ratio if you have Depreciation?

Dan Green
  • Investor
Posted

Hey everyone. I'm running into a hurtle I was hoping someone could help me with.

I'm using a broker/lender referred to me by my realtor. He's trying to get me a hard money loan, then I want to BRRRR the house. After submitting my information, he's telling me that he can't get me approved for the hard money loan or exit strategy of a refinance because my debt to income ratio is 102%. After digging deeper, we determined that the depreciation is what's holding me back. How do I get around this hurtle and continue with getting this property? Please help. Thank you.

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