Offer accepted on first property, working on financing second.

[Jeff Arndt]

Help BP!

Got an offer accepted on a 3-unit which I will owner occupy on an FHA loan. The PITI should run about $1600/mo.

My only other debt is my student loans which will come due in June. Those payments should be about $900/mo. (I thought money grew on trees in college).

So my debt/income ratio should be ~2100/5533=38%

My question is will a conventional lender ever consider me for another buy and hold property? What if I got part time work that earned me another $1000 a month?

Thanks!