rental properties messing with my DTI
i purchased my primary home with my wife about 5 years ago. since i purchased my primary, i have also purchased close to 5 pieces of rental properties. three are in my name personally and my llc owns 2 of them. my mother deeded her home to my brother and myself about 3 years ago, so, technically, my name is on the deed to close to 6 pieces of real estate on top of my primary.
lenders dont like this. the real estate taxes are considered debt to a lender. my real estate taxes combined with all 6 properties are close to 5k annually. so to a lender, my rental portfolio creates debt like i have a car payment. is there any way around this? will the llc owned properties be factored into my debt to income or just the properties i own personally?
all the properties are performing well and they are cash flowing nicely. the rental income i earn should offset the debt incurred but i just feel, idk, salty about the numbers. i know underwriters are digitized and a couple dollars over can throw a ratio off and kill a deal.
thank god we will be putting down at least 20% and have over a year of reserves. hopefully they will allow a high dti. fingers crossed.