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Updated over 3 years ago on .

User Stats

58
Posts
24
Votes
Jinhee Hann
  • Lake Oswego, OR
24
Votes |
58
Posts

Investment property PITI to not count against your DTI

Jinhee Hann
  • Lake Oswego, OR
Posted

Put the property into an llc righty after obtaining the mortgage and closing escrow. Create an llc checking account from where the mortgage payment, property tax and insurance will be paid out of each month. After 12 months, banks won’t count those payments against you personally. I see this question come up often and wanted to share.