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Updated almost 8 years ago on . Most recent reply

Account Closed
  • Derry, NH
6
Votes |
4
Posts

How much Debt to Income to Take

Account Closed
  • Derry, NH
Posted

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.

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