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Updated over 4 years ago on . Most recent reply

User Stats

195
Posts
106
Votes
Allen McGlashing
  • Investor
  • Cambridge, MA
106
Votes |
195
Posts

HELP!!! BRRRRing a multi family with high DTI ratio

Allen McGlashing
  • Investor
  • Cambridge, MA
Posted

Hello everyone,

I've tried getting conventional financing, but my DTI is to high due to me taking a lose on my rental property last year. So I have got approved by a hard money lender and I was wondering how hard it would be or what obstacles I will be facing; to do the cash out refinance when I am done with the property while having a high DTI ratio. What are some of your experiences and what should I look into or questions to ask before I get into a crunch time deal.

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