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Updated almost 5 years ago on . Most recent reply

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How to purchase my first rental w/ a high mortgage on my primary?

Josh VanVoorhis
Posted

Hey there -- I live in California and my current mortgage is $3700 per month. I earn roughly 100-120k per year. I have about 200k saved in reserves and want to buy my first rental property (ideally out of state) but am worried I wont get funding since my DTI is so high due to my primary home...

Any suggestions?

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