Property Purchase & Debt to Income Ratio

[Christian Cambridge]

I’m reaching out for guidance on purchasing a 3rd property.

My investment property (1st property) was purchased out of state for 150k a couple years ago and cashflows $200/month. I purchased my primary residence (2nd property) last year. During the pre-qualification process for the primary residence, the lender did not count the investment property as debt because the monthly payments did not come directly from my personal account.

I now want to purchase another investment property (3rd property) in a more affordable market with a partner and assume that the primary residence will count against my DTI. What can I do to ensure that I still qualify?

[Jack Tulloch]

Christian,

As Dave mentioned, I think explaining your situation to your LO and getting pre-approved is your best bet.