It should really be about the income but some people do secretly want to run up the score on # of doors.

Furthermore, you can deduct the interest payments against your rental income.

You also have to make sure how much would you be netting once you move out and in order to use that rental income for that unit you're planning move out, you will have to get a lease signed for one year and lenders will be able to use the leased rental income at 75%.

I feel as if I have too much debt compared to my income to ever be able to get another loan for the next property.

Just like, in 2005-2007, a bunch of 'stated income' loans drove home values to stupid levels, for the last few years we've seen these residential "no DSCR required!"

I'm closer to solving this now as a couple local GCs seem interested in coming to terms.

No income No doc 

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

Devon is a licensed real estate agent in MA and building a lead generation business.

I’m not really sure about getting a house first because I don’t have that much of an income