All Forum Posts by: Yosef A.

If I purchase an approximately 6 family rental under an llc, will the bank still look at my personal mortgage to determine dti?

Or as long as the rent is high enough compared to the mortgage on that particular property, it'll be ok?

For the purchase of primary residence I had a cosigner. But I will look into it. Thanks

Thanks! Question is, if the dti could max out at approximately 35% then I need to find a property where the rent is extremely high compared to the purchase price.

Isn't that so?

Hi guys! It's nice to see a panel of such nice people where everyone is looking to help one another!

My question is like this: I bought a single family rental a year and a half ago, since it's in a neighborhood where the value is rising very quickly. The rent covers the expenses, with a couple of hundered dollars left over each month.

I now have alot of equity in the house, yet can't refinance since with my mortgage on my primary residence, and car loan, the debt to income ratio is to high.

Any ideas on how to get past this, and refinance in order to cash out, and buy another property?

Looking forward!