My first deal, how to best finance

[A Lak]

Hello,

I just found my first property, the seller wants to sell at 20% discount compared to what he has paid a year ago (new building) + free new furniture.

Now I want to go to discuss with the bank. Usually banks take into consideration the debt to income ratio. I already have a small debt that is taking 20% of my salary. I think that the bank will finance my first deal, but what about next deals, taking into consideration my debt to income ratio (including rent income) I will not be able to finance more deals.

Please advice on how you deal with this problem.