I currently own one property, and I’m planning to purchase another.

If you are coming in with 235k, you probably would not need much more, if any, to make the purchase.

To get around this some folks will purchase the vehicle in an LLC and then sell the LLC, and this is not breaking the agreement.The same thing would apply here.

However, due to keep purchasing real estate, my DTI is high and close to 50%.

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

My first purchase btw. 

(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

I would like to put the money into purchasing another investment property.