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Updated about 6 years ago,
debt to income thresholds for 75ltv
I am sure this varies by lender- but looking for some sort of rule of thumb. Assume the sole source of income is rental. I buy a 100k house with 25k down and generates 10k income. How many of these could I buy before I am over the threshold of too much debt? Are there other factors?
Again- not looking for the hard and fast works for all vendors and all situations and all credit scores etc... Just want a sense of how it works and scales.