Won an auction, DTI is High to secure Loan

[Taghlub A. Nassar]

I have won an auction on a house that I just love to own for myself and I know that after the touch ups it needs, the value added will be at least 100k more than the purchase price. The fixing it needs is about 25-30k (On the high end). The issue I have now is that it’s coming up to 54% debt to Income Ratio.

I have a little over 30k for closing/down payment!

Solutions?

[Jay Hinrichs]

Originally posted by @Taghlub A. Nassar:

@Richard Jr Caicedo I am actually being very conservative with the numbers and that is the route I am seeking at the moment. I wasnt sure if others have another creative ways to finance the deal. Hard Money Lenders have not been that great of a help, at least the ones I reached out to.

HML don't lend on owner occ properties. a very very few do the ones I know are in CA.