699: Seeing Greene: How Do I Buy Another Property When My DTI is Too High?
Having a high DTI (debt-to-income) ratio is enough to stop many would-be investors from taking the leap and buying their first, or next, rental property. So, what do you do when your income isn't enough to buy the next property? What if you've used up all your financeability on your primary residence or house hack? How can you squeeze out a loan to buy another property?
We’re back on another Seeing Greene episode, where your “one away from seven hundred” host, David Greene, is here to give you practical advice on buying and selling properties. In today’s episode, we take multiple video and written submissions, with topics touching on how to buy more real estate when your debt-to-income is maxed out, what to do with a dangerous tenant, refinancing at today’s high interest rates, and why off-market deals aren’t always what they seem to be. And, if you’ve struggled with setting standards before, you’re in for a special treat, as David gives himself (and all of you) a personal pep talk on expecting excellency.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
The bright side of BRRRRing even with rising interest rates
DTI (debt-to-income) requirements and getting around them for your next deal
When it’s worth selling a rental property that has a low interest rate loan on it
Off-market real estate deals and knowing when a difficult deal is worth pursuing
Setting high standards for yourself and your team while not getting bogged down by lackluster work effort
What to do when a tenant poses a danger to not only themselves but your property
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Set Your Goals with David and Rob
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-699
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