Are we Bankable or not?

[Jack Moreno]

My wife and I are starting a small real estate investment company as our “side hustle”. We are wanting to know if we would qualify for a portfolio bank line of credit with reasonable interest rates, to “Brrr” and or flip a couple of properties in 2019. Credentials listed below: Credit Score - Excellent Net Worth - $300K Income to debt ratio- 35% W2 Income - $150K combined 1 rental property $385K w/ 35% equity $50K Cash savings Located In San Antonio TX Any feed back would be greatly appreciated.

[Stephanie Medellin]

@Jack Moreno, @Addison Guyse The maximum DTI allowed for conventional loans is typically 50% and FHA will allow up to 56.99% with automated underwriting approval. Some lenders have overlays and will not go up to these maximums in some or all cases.