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Updated over 8 years ago,

User Stats

23
Posts
6
Votes
Lauren A.
  • Investor
  • Inglewood, CA
6
Votes |
23
Posts

To buy, or not to buy? Debt to income ratio question

Lauren A.
  • Investor
  • Inglewood, CA
Posted

Hello all

This is our situation. We have been buying multifamily properties for the last 2 years and wanted to know if buying a single family residence would hurt our chances of furthering our real investment portfolio? We are aware of how debt-to-income ratios impact purchasing ability and don't want to be locked out of additional purchase opportunities. For example, if we reside in the SF home, it would not generate income to balance out the equation. 

We have been house-hacking for the past 2 years, taking out FHAs on two quadraplexes (both cashflowing well), refinancing to conventional mortgages, and doing the same thing over again. We are currently living in our rental and thinking of settling down to a single family home, only if it would make sense financially.

Do you think buying a single family home now would help or hinder us? Or would it be better to wait until we acquire more multifamilies under our belt? We have 8 units now and plan to buy many more. 

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