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Updated about 5 years ago,
Trying to buy additional SFH’s
Hi! Don’t know much about RE. Currently own one rental property outright.
Question: I’m trying to buy another 5 SFHs at 300k each to rent out at approx 1700/month. My income from W2 job is 300,000/year. In your opinion is this enough income for lender to close on 5 homes? Credit is 750, zero debt, steady job. Cash reserves of 400k.
Thanks