All Forum Posts by: Chase Davidson

@Steven Foster Wilson Amazing Thank you for your help man. Do you have any insight on the limits of DTI's most conventional lenders?

@Steven Foster Wilson Thank you. I was told that DTI was more based on net worth/total debt. I will be doing Income-based repayment which will end up being 10% of my discretionary income.

In your wife's case, she was trying to pay down her student loan debt (Dave Ramsy Style) but once you had an influence on her financials you dropped it to the minimum payment so that you could drop the DTI to make your combined financial picture look more appealing to lenders. Is that an accurate summary?

All throughout Chiropractic school, I was sharpening my axe to start investing once I graduated. I wanted to start investing early so I can get out of the rat race as fast as possible; ultimately to provide the care for to patients based off of what they need, not how well I need my business to do so I can pay bills

With that out of the way. I am looking to invest in small multi-family, out of state, in the Cincinnati/Dayton OH corridor because I have friends who can be my boots on the ground. I have $280,000 in student loans and know that if I were to get a loan it would need to be a physician loan. The issue with most physician loans is that they are for primary residence only, not investment properties.

My question/discussion is, are there any other medical field providers or those with massive debt to income ratios who have been successful with securing funding for out of state investing? 

Thank you so much for taking the time to respond and provide insight for a newbie investor.