Just to verify BRRR, how much can you qualify for?

[Martin S.]

So say you have a couple of properties and they are leveraged out. Banks seem to count 75% of rental income AFTER expenses right? So if income for a property is 2000/month, they count 1500 minus mortgage, tax and insurance. So that 1500 would be cut down to around 500 or so maybe.

So, does that mortgage on that property count as part of the total they would lend you based on your income?

Say that mortgage is 150k and at this time they tell you they would lend you up to 500k, if you pick up another rental property exactly the same, with the same mortgage of 150k, rent 2k, etc etc, will that cut the max they would lend you to 350k?