My son has a personal property and two rentals. He just got an accepted offer on another rental. He has been told now that his DTI is too high. The rental is a great deal. He doesn't want to lose it. It pencils out nicely.
Solutions anyone? I am thinking find a partner? I can’t cuz I have a business relationship to him and his firm has rules against partnerships with clients.
What to do?
Anyone else confused?
@Margaret Webb an asset based loan would be a good Avenue to look into. They generally look at the cashflow of the property, and sometimes credit score