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Updated over 9 years ago on . Most recent reply

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132
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27
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Mario J Perez
  • Investor
  • San Juan, Puerto Rico
27
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132
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Debt to income

Mario J Perez
  • Investor
  • San Juan, Puerto Rico
Posted

If my debt to income ratio is too high, what can I do in order to qualify for a loan to purchase a rental property? I was thinking along the lines of working with a private lender or getting a partner.

Most Popular Reply

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184
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122
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Dan Vleck
  • Deerwood, MN
122
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184
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Dan Vleck
  • Deerwood, MN
Replied

I agree with @Account Closed.  When I got started, I paid off my residence and most consumer debt.  Then I saved up for down payments for rentals.  

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