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Updated over 3 years ago on . Most recent reply
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How to get from 1st property to your 2nd
I currently have a rental property coming up on its first year but would like to start expanding more. How do I get my 2nd property with my debt to income ratio?
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Hi @Skyler Smart, without knowing your financial picture, know that 75% of the rents for property #1 will go towards your income. That will push up your DTI quite a bit. I would also recommend talking to a lender to get an idea of where you are at. Any good lender will have no problem giving you advice as to what you can do to achieve your goals.
- Brad Hammond