What Debt to income is

[Jesse Collins]

Can someone explain what debt to income is and means?

[Victoria Mason]

@David Robinson I'm planning to house hack with FHA, however, in my area the current market for FHAs is limited. So as a secondary plan I may finance a personal residence and do a live in flip then it would turn into an investment property.

In addition to that, if I am able to get an FHA I'm still unclear on how financing a second home would work (after the mandatory year of living there it would turn into an investment property). Obviously that's two loans and that would raise your DTI, making it hard to get approval for the second loan, no?

I’m still very new and trying to shove all of these “methods”, requirements and restrictions etc into my mind at once - it can get a little confusing lol thank you for responding.