Updated about 8 years ago on . Most recent reply
How much Debt to Income to Take
My wife have 2 properties, currently rents her house ( Over 2 years now ) and we are looking to purchase a 3rd property in FL, to use as a vacation rental, which we hope will lead to additional rentals in the future.
The question I have if we max out our debt to income on this 3rd property (20% down), how would this effect subsequent purchases? Or should we put more down? Obviously we anticipate that this rental will be positive in cash flow.