ADVICE NEEDED for Financing More Deals

[Maurice Roman]

Good afternoon,

I'm hoping someone can provide suggestions or advice on how to acquire financing for more rentals. 

I currently own two rentals as well as my primary residence, and the banks I've reached out to, including the credit union that's financing one of my deals, said my DTI is too high. My two rental properties are cash-flowing between $400 and $500 each. My credit scores are in the mid-to-high 700s, and I earn a six-figure salary with about 3-4% utilization on my credit cards. I've also spoken to a DSCR lender, and they require 20-25% down, which I can obtain through a BLOC I've. Paying back the BLOC, along with a mortgage, defeats the purpose because the payments would be higher than the rents. Any suggestions would be very helpful.

Thank you

[Patrick Roberts]

BRRRR to create the equity needed to cover the LTV gap, househack with a new primary, or save up the downpayment needed. Or partner/JV with someone who can bring the needed downpayment.