Too Much Credit
[b]
Hello,
I am new to the Realestate Investment world and need advice. I currently have two mortagages on my credit report. One for a house, which is currently rented and the other for the home I currently reside in. I want to place this house on the rental market and purchase a larger home as my residence. My problem is when I try to obtain a loan I am told that my debt to income ratio is too high to qualify for another mortgage. I have heard that I can sell the two renatal properties to my business and have them listed on my business credit report. If this is true how do I do this? If it is not true what can I do to obtain an additional mortgage?
Thank you,
Abby