All Forum Posts by: Ryan Wright

I'm looking to invest in multi-family but my DTI is pretty much at its limit. I've looked at several ways to incorporate deals but the majority of sellers want a loan from the bank. How can I continue making offers without considering my DTI? The numbers are very high and if there is any profit margin, I'm looking at around 150-300/month cash flow. It's not much! I need your help! Any ideas BP? Ryan Wright

Tony Castronovo thanks for sharing! Did you finance the whole 181K with the hard money lender? I think you said you put 20% down. I bet those points hurt. I appreciate you sharing. Do you think you probably would have contacted the GC earlier to ensure he could meet your timeline? Feel feel to write back! ~Ryan Wright

Hello everyone. This is my first post to BP, and I have a question about DTI. I'm have a job that's higher paying than the one I will be going to, and my current DTI is low given I have a high-paying job, but my DTI will increase since my new job is lower paying. Getting approved for a loan is difficult given my current debts but have a lot of liquidity to offer. I was told banks do not consider liquid assets because I could "go to Vegas and blow it all". Is there a way around this? Is the income from my job the only way to get approved for a loan? I am married but my wife is is looking for a job and we cannot include her income on purchases....yet. I know I can pay cash, but I don't want to use that money because I can use this for other down payments on future purchases. Suggestions? Thanks for the help! Ryan