All Forum Posts by: Connor Coyle

Looking for guidance on expanding to more property I currently own one duplex (house hack) living in one side of the building and have small capital of about 60k cash! I have a small equity in the current building we put 20% down at purchase and have been living their for about 2 years! I want to purchase another duplex or triplex what is my best

Option in completing this process without running in to DTI problems with a lender I currently work in electrical industry full time (linework) and make about 100k salary a year! I am open to partnering with people in my life but ultimately want to own the properties myself how do I purchase my next property if the lender doesn't want to give me the loans to build my business! I have enough capital for 20% down I have a good paying job I could potentially borrow against my property's equity if needed any advice from peoples past experience when they where at this point would awesome and greatly appreciated!

Thank you,

Connor C.

So purchased a duplex owe about 190K on the property had it for a year things are going well me and my family live on one side of the property currently! I have other equity % in other property threw investing with a syndicate basically! I went to get approved for another mortgage but my DTI was to high! So my question is could I possibly transfer this current duplex I'm in into a LLC on a refi and also add the other properties I have equity in into that same LLC and if I could do that would that then clear my personal DTI problem when I am looking to get approved for a single family home and also going forward purchasing other investment properties ! Hope this makes sense asking for a friend also what are the other pros and cons of opening the LLC for my situation !

Purchased my first duplex about a year ago everything’s going good with it to date! Was looking to purchase another rental property but my debt to income is to high for a lender! Cars are paid off credit cards paid off! from my math I have about a 30k difference total debt to income that’s holding up my approval for another loan on a second property! I have about 60k cash I can access what is the best way going about securing a loan for another loan in this type of situation!