Any recommendations on growing rental property portfolio yearly

[Tobi Ayanleke]

I am a new investor and finally acquired my first property with 20% down. I hope to acquire property per year but wondering what ways I can use it in qualifying yearly?

[Yu Liu]

Hello Tobi, at TD we can finance up to 9 properties under one person's name. If you would like to qualifying for more property make sure your rental cash flow is really really good. Usually banks as very conservative on calculating rental incomes. Rule of thumb, cut you rental income (future property) in half and add to your personal income. If your use your yearly expenses divided by your gross income, if the ratio is less than 44% you should be good to go.