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Updated over 5 years ago,
Buying my next investment property...DTI
I am leaving my salary job and want to buy another investment property. Currently have my single family home and a 4 unit investment property that brings in approx $1k per month. We have owned the investment property for a year, but we previously had an investment property in HI for almost 2 years. My wife and I have owned a business for about a year and a half which only made about $30k in 2018. We want to invest in another property, but we won’t have my salary anymore. Would we be able to use any of the rental income to offset that? Any advice for what we should do moving forward? Ready to invest again ASAP and keep earning passive income!!!!