Buying in another state!!!

[Millard Wilson]

Hey everyone!! Alright so my question today is how do banks look at investment properties when applying for a new mortgage??? Does it help your dtr or hurt it? I currently have 2 investment properties both are paid for and I’m looking to close on my third in a few days. But I plan on moving to Texas in 2 years and of course I want to purchase a home when I get there so I’m trying to get myself in the best situation possible.. should I hold off on the 3rd property?? Right now I cash flow about 1200 a month on my current rentals. Any advice would be appreciated. Thanks!