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Updated 6 months ago on . Most recent reply

User Stats

3
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Alexis Moody
  • New to Real Estate
  • Oklahoma/Missouri
0
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3
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Mortgage financing and Debt to income ratio

Alexis Moody
  • New to Real Estate
  • Oklahoma/Missouri
Posted

Help! I am needing clarification on a mortgage financing question and DTI. I am just starting out in the real estate investing world and have been listening to podcasts. I am wanting to own single family homes for long term rentals. I have a 5 year goal to own and rent 5 single family homes and hopefully surpass my 5 year goal. So my question is how am I able to finance a house and actually have a lender approve me? what about my Debt to income ratio? How do I buy 1 house a year and keep investing? Like where would I get the money to keep buying houses? I know this is a tough and confusing question, but hopefully someone can answer it for me. Thanks!!

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