Second property dilemma or Stick with one.

[Pavan Kumar]

RE Experts, What would you recommend?

New to RE.

Bought my first property(SFR) to use it as rental/ investment property. Construction is in progress and expected to complete in September 2024. SFR is 600k$. Making a 25% down . No other debt as of now. With the new rental property ,I'll be at 75% DTI ratio.

I'll still have cash to make a down payment for a new townhouse which is around 380k post the closing of the above SFR.

But, will it be possible to secure another loan ?is it better to pay down more on the above SFR and bring down the DTI ratio and then leverage the SFR and use that amount to buy another townhome? Or slow down , wait and watch what happens with the SFR .

i feel I'm hurrying but also don't wanna loose the opportunities that are close to my primary home. So, the dilemma.