DTI & PITI vs Income Budgeting Question!

[Ryan Biankowski]

Hello everyone, 

I am looking for your thoughts on my current and future potential mortgage/debt situation.  We bought our first house as a foreclosure and fixed it up top to bottom.   When this house sells we will make out with an enormous profit.   My fiance and I are looking to flip another house but take it up notch and buy a more expensive house.    This next house would put us over 1/4 of our take home pay for the mortgage.  Right now we are VERY comfortable but the next house would definitely make us a less comfortable if that makes sense.  Has anyone had experience paying more than 25% of their take home pay to mortgage / rent and how was it?  

Current house: 

% of Take Home Pay to Mortgage	22.30%
% of Take Home Pay to Debt	8.93%

Next house: 

% of Take Home Pay to Mortgage	26.08%
% of Take Home Pay to Debt	8.93%

*Debt is student loans and car payments