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Updated about 3 years ago on . Most recent reply

I wish to purchase a rental property, Is this possible?
Hi Everyone,
I'm pretty new here and to investing so any help would be appreciated.
I just finished talking to a mortgage specialist at a bank. She said I couldn't get more then $350k ish debt due to income level. I have $200k mortgage on my current house which is worth upwards of $450k. Is there a way to get a rental property with these limitations or am I stuck working up the job ladder till my income gets higher?