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Updated about 9 years ago,
DTI and 75% of rent counted
Hi BPers,
I want to make sure I am understanding this properly. Next year, I will qualify for 2 mortgages of around 80K each or 1 mortgage of 160K, let's say I can have approx 1100 a month in debt, if I bought two duplexes with gross rents of 2500, I can use 75% of the rent on a signed lease, and offset the debt side of my DTI to qualify for more property in the same year? For example, if I bought a property in March, and another in April, could I buy another in say Sept with the offset DTI? Any advise is appreciated.