Updated about 5 years ago on . Most recent reply
How to aquire properties with high DTI
Hi Everyone!
I'm a newbie here! My husband and I are getting ready to start building our real estate investments and need a little help. Right now my husband is working in Arizona and we have a home in Louisiana, where I live. He is renting a condo right now but we were thinking that he should look into getting a duplex and try to get the other side rented out. The problem is DTI. I have a home in my name only and a vehicle and he has several vehicles. We also have a fitness business with one location in Louisiana and one location in AZ.
How can we start to acquire properties with high DTIs? Do we try to get loans under the business we have? Do we create a real estate LLC and try to get a loan that way? Or will we just really have to wait until we have cash to start?
I really think this is the best time to get started and I'm super motivated but have no idea how to get started. Any help and advice would be greatly appreciated!