Say THIS to your lender to get more money! #realestate
Summary
AI-generatedThis video explains how to leverage the Debt-to-Income (DTI) ratio to qualify for larger real estate loans. It details how purchasing a multifamily property and renting out units can increase your qualifying income by using 75% of the rental income, thereby lowering your DTI.
Key insights
A high DTI can limit the amount a lender is willing to loan you, preventing you from qualifying for more expensive properties.
Mistakes to avoid
Assuming lenders will only consider your personal income without factoring in potential rental income from a multifamily property can lead to being denied a larger loan.
Tools & resources
How to buy your first rental property masterclasscourse
Attend a free masterclass on how to buy your first rental property.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial