Updated over 10 years ago on . Most recent reply
Banks wont loan me more money
I am having a hard time finding a lender. I have 5 mortgages right now on 5 properties and have a very high debt to income ratio. My credit score is 790 and can put 20% down but prefer less.
What is killing me is my debt to income ratio, its like 200 or 300% on paper but still all cashflow great. Tax return only shows I make $15,000 a year after all deductions.
How does everyone else scale things so fast and buy several investment properties a year? Any advice or good banks or private lender that really don't care about debt to income ratio? I want to buy more but cant get the funding....
Thanks