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Updated about 8 years ago on . Most recent reply

Too many investment loans effect my ability to buy my home?
I currently have 1 investment property. My father is my partner in all deals (we go in 50/50). He insists, since I do not have a primary home, that I do not take many loans. So we have been trying to maximize properties under his name so it does not affect my Debt to Income and ability to buy a home personally.
I do have plans to purchase a personal home in 5+ years.
My question is: if I can show positive cash flow from all my properties in two years' tax returns, will that decrease the debt liability to underwriters?
I want to purchase investments but also one day settle down somewhere. What is the best strategy for this?
Most Popular Reply
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@Mushfiq S. If you show on your tax returns that you cashflow every property you should have no problems. It's the investors who show losses who have a tough time. I deal with this daily at my bank.