Updated over 4 years ago on . Most recent reply
Financing 2nd, 3rd, 4th property
I am trying to buy my second rental property, and am running into issues with financing given my existing DTI. My first property is under my name, as is my primary residence. When I go to purchase a second rental property, my DTI is too high as a result of having two mortgages (even though the first rental property cash flows).
What are the best options for obtaining financing in a situation like this? Would doing a quit claim deed to an LLC remove that obligation from my personal DTI calculation?