LLC debt counts towards personal DTI ratio?!

[Erin A.]

Hey BP,

I am sole managing member of my LLC, which currently owns a property that was financed by a private lender (friend of family). I need to sell this property for less than what I owe, so it would be a short sale. The private lender and I have agreed to carry the debt I'll owe forward, so that the profits I'll make on my next flip will be used to pay the debt owed from the short sale.

Meanwhile, I'm working with a mortgage broker to refinance a triplex I own in my own name. She informed me that my LLC's debt from this short sale will count in my personal DTI ratio EVEN THOUGH my LLC is taxed as a corporation and does not pass through to my personal taxes.

Is this true? Many thanks for your input.

[Jon Holdman]

@Marvin Ong you need to start your own thread.  Folks who look at this will read the two year old posts in this thread and probably miss yours.