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Updated over 8 years ago, 04/28/2016

User Stats

69
Posts
16
Votes
Chris Weaver
  • Rental Property Investor
  • North Conway, NH
16
Votes |
69
Posts

Low Income

Chris Weaver
  • Rental Property Investor
  • North Conway, NH
Posted

I have a steady but low income with a DTI of around 25%. I'm looking to buy a rental property but I'm not sure how to obtain financing. I have excellent credit with a down payment. Should I look for a property with rental history or would banks lend based on future rental income (with comps)? Not really sure if I should look for a house or financing first. Any advice is appreciated.

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