Debt to income issue

[Matt Tallent]

Hello all,

This real estate issue of the week:

My current status

-I own one rental that cash flows 450/month.

-My primary residence I own and split the payment with my spouse.

-looking to buy another rental for 15% down. I’ve done heavy due diligence and my expense will be 800 max and rent will be 1250/mo. So this will make 450/mo.

I talked with the loan officer and he said everything looks good except my debt to income ratio is thin because:

When I bought my rental I had some repairs to do so I only have one year of taxes showing a loss. But it makes 450/ mo.

My primary I split with my spouse however the loan officer is saying that because my spouse is not on the current loan we cannot show that I only incur have the payment.

I would just like the loan to be under my name. Any advice is welcome on this thanks!