I feel like purchasing a duplex, living in one unite, renting the other out, and purchasing a deal where the numbers work correctly to where my living expenses would be paid for by my tenant, would be an excellent way to not only help me achieve my goal of paying off my student loan debt, but also help me get a taste of what land lording is like to see if it is a route I would enjoy taking. 

To my disappointment I was denied a loan of $170,000 from quicken due to high debt to income ratio ( I was over excited and failed to do my due diligence) I didn't think to add in the new payment into my calculations.....oops, But with that nice lesson learned I now know what needs to be done in order to get either 50-80k on a heloc. so my question is when the lender calculates the dti on the heloc do they use the interest only payment or principle & interest.

- Seekng to create passive wealth to achieve financial freedom (3-5 year target)- Looking to scale up to at least 10 rental properties in 3 years.- Interested in rent and hold SFH, MFH and >4 multiplex properties.- Happy married with 2 kids!

If the answer is zero, I think you should leave the 401 alone and find another job, because you are not financially stable enough to do this.

I wish to purchase a 3rd unit (or more).The banks I have talked to so far say my debt/income ratio is not in their range for a personal loan.

Interested in Real Estate investing and would like to eventually own a few properties that can generate some cash flow for financial growth.

Just do your homework because the buyers' mortgage lender might not approve the loan if they feel their borrowers are going to be carrying too much debt.

I want to create a stable financial future for myself while finishing my service time.

What many of them have in common is that they ignored the market, focused on decent to good areas, ignored the dips and spikes, held for a long time, and purchased when it made financial sense for them instead of trying to time the market. 

. $30,000 to pay off some high interest consumer debt.