Loan Modification Forum - LoanSafe.org - View Single Post - Loan Modification for multiple rental properties

t2weati · 12-06-2008, 03:37 PM

I'm hoping someone out there can answer my question.....
My Debt Analysis shows that I have a surplus of $1400 after all monthly expenses are paid, which I know may show I have the ability to meet my payments. My Income to Debt Ratio is at 97%. I own 11 rentals, plus my primary residence, so if you look at it logically a surplus of $1400 to spread between 12 houses is really not that much money. Does anyone know if they take the dollar amount of surplus into consideration or the Income to Debt Ratio?

Thanks in advance for any advice!

12-06-2008, 03:37 PM	#6 (permalink)
t2weati Senior Member Join Date: Dec 2008 Location: Northern California Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	HELP! Debt to Income Ratio I'm hoping someone out there can answer my question..... My Debt Analysis shows that I have a surplus of $1400 after all monthly expenses are paid, which I know may show I have the ability to meet my payments. My Income to Debt Ratio is at 97%. I own 11 rentals, plus my primary residence, so if you look at it logically a surplus of $1400 to spread between 12 houses is really not that much money. Does anyone know if they take the dollar amount of surplus into consideration or the Income to Debt Ratio? Thanks in advance for any advice!