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Private Lending & Conventional Mortgage Advice
Account Closed
  • Rental Property Investor
  • New York
17
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21
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Debt-to-Income: Buy Owner Occupied or Investment Property First?

Account Closed
  • Rental Property Investor
  • New York
Posted Nov 17 2018, 16:36

Hey BP - looking to purchase another investment property AND want to purchase an owner-occupied house hack in 2019. My concern is becoming DTI. I think my partner and I are definitely getting near the threshold where conventional lenders won't give us a commitment.

That being said, assuming our next purchase is going to max out our DTI, should we prioritize purchasing the owner-occupied property first, and then look to unconventional funding/portfolio loan for the investment property? Are there pros and cons to doing the investment property first, and then the owner-occupied property? I'm worried that there are not as many unconventional financing avenues for an owner-occupied property as there are for an investment property.

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