Hi, in David Greene’s book Long-Distance Real Estate Investing, he talks about what banks look for in borrowers as far as debt-to-income ratio and mentions, “Most banks don’t want a DTI higher than 3-6 percent.”

We want to all pitch in money for the 20 percent down payment.  

@Yenisel Avila Look into using the 70 percent rule.

Their methodology: Markets are considered more or less at risk based on the percentage of housing units receiving a foreclosure notice in Q4 2019, the percent of homes underwater (LTV 100 or greater) in Q4 2019, and the percentage of local wages required to pay for major home ownership expenses.

https://www.housingwire.com/ar...

I am looking for 200+ unit value add deals, with a motivated seller, solid in-place cash flow and a deal bought at a discount.In my opinion, the key to getting these types of deals closed right now is to be ultraconservative on rent growth, very aggressive on expenses, have built-in cash reserves for the unexpected, have cash ready from investors, a trusted agency lender and a strong operating team.This could be the best buying opportunity in our lifetime.

By March 1, new listings in Austin were up 20.2 percent from the same time a year ago.

This would save you hundreds of thousands over your lifetime.

Retail sales have been growing by almost four percent annually since 2010, with over five times as many companies opening stores as closing them.

I am really hoping to use friends/family/colleagues to avoid fees, closing costs, etc.This gives me a much better idea of what a reasonable percent would be for all parties.