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Updated over 3 years ago,
Debt to Income Ratio
Hi everyone! I am excited to get into real estate investing but I’m worried about qualifying for a loan. I want to buy a rental property while keeping the apartment that I have but the rental property mortgage along with my rent, car payment, and student loans will cause me to have a Debt to Income Ratio slightly over 50%. Will the bank recognize the fact that the tenants would be paying for the mortgage payment and allow me to get a loan?