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Updated almost 4 years ago,
DTI Will Be Too High - Help!
Private student loans: 115k
Public student loans: 113k
Mortgage: 135k
Salary: 45k
I have 2 tenants that slightly more than cover my mortgage of $850. I only pay 1/3 of utilities and like $200 for HOA. I refinanced my private student loans to about $760 a month, and my public student loans (income based repayment) will be $150 a month. My monthly take home is about $2.7k.
I would really like to buy a second property, so that I can make extra income to pay off my loans faster. Would I be eligible w/ my circumstances?