Max dti for automated approval through GUS is 47% housing ratio and a 57% back end ratio (and this is pretty much everyone, lenders don't manually underwrite unless there is an automated approval issue) - even then 31% and 43% are just placeholders, HUD allows 37% and 47% by meeting residual income requirements and no further compensating factors on R/E loans, and you can exceed 37% and 47% (most lenders will cap back end at 50%, but you can go to 57%) with strong compensating factors, such as assets.  

Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the many local investor events we have.  

Additionally, while a precipitous fall in oil prices has had a negative impact on “oil patch” locations, it has effectively increased the spending power of the American consumer.While there are still concerns regarding the overall health of the economy, the current real estate lending environment remains active and strong as a whole.

I have closed 2 deals in the past, and want to build on this experience to develop a strong cash flowing portfolio.  

My strategy is mostly to buy and hold distressed properties that can cash flow because rental market is still very strong.

You may be best served by seeking out a very strong attorney in your local area, here in Virginia, to represent your interests.

But I'd like to know my options in the presence of a second applicant.

BP is full of great content, so I strongly recommend you to have a look at the following resources: 1.

The key to making the BRRR strategy work is finding a strong enough deal or a deal you can add enough value that it allows you to refinance at a high enough value to cash out your deposit to put into a new property.

Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the local investor events we have.