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Updated over 3 years ago,
Financing with a high debt to income ratio
Forgive me if this is a ridiculous question. I presently have 2 profitable duplexes on Long Island. I am interested in out of town real estate, however a mortgage broker that I contacted has said that my debt to income ratio is too high. It’s well below 50%. How are people able to buy expensive investment properties? Do they all have low debt to income ratios, or should I do a better job of finding mortgage brokers?
Thank you in advance, I am really enjoying my real estate journey as it stands, but would love to take it to the next level. I have been a bigger pockets follower for about a year now.