All Forum Posts by: Derek Nemec

Hello all! I am 23 years old and just purchased my 6th single-family rental home.
I reached out to the bank to find out how many more I can buy. The answer? Zero. My DTI ratio is now too high which I expected - so it did not come as a surprise, but I am now looking for ways on how to continue my venture into single-family rentals. I have strong roots within my community and come across fantastic deals all the time, and I have plenty of cash on hand to throw at down payments and repairs, but in terms of getting approval from conventional banks for mortgages - I am no longer lendable :( 

Let me know how you handled this and what the work arounds I should try.
Please be specific as possible so that I can actually apply your advice and not just "well, look for creative financing." Thank you BP!