All Forum Posts by: David Boroughes

Hi all, I own several investment properties and am always looking for more, problem is, I am now maxed out on conventional mortgages. Where do I go from here? I would like to add more properties to the portfolio and have never had any issues or late payments on any mortgages, the issue is my debt to income ratio simply will not allow for any more loans. Having the property qualify on its own does not work, simply not enough net to qualify for much of a loan. The prices here are on the higher side (SF @ $250K, MF begin at $285K) although the income they bring in makes decent ($8,000-$14,000/yr) cash flow possible with about 25% down payment. Can anyone in similar situation previously help?

Hi all, I own several investment properties and am always looking for more, problem is, I am now maxed out on conventional mortgages. Where do I go from here? I would like to add more properties to the portfolio and have never had any issues or late payments on any mortgages, the issue is my debt to income ratio simply will not allow for any more loans. Having the property qualify on its own does not work, simply not enough net to qualify for much of a loan. The prices here are on the higher side (SF @ $250K, MF begin at $285K) although the income they bring in makes decent ($8,000-$14,000/yr) cash flow possible with about 25% down payment. Can anyone in similar situation previously help?