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Updated about 8 years ago on . Most recent reply

Rashad Colton's profile image
Rashad Colton's profile image
Rashad Colton
  • from Atlanta, Georgia
  • Member since Dec 24, 2016

User Stats

30
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8
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Rashad Colton's profile image
Rashad Colton's profile image
Rashad Colton
  • from Atlanta, Georgia
  • Member since Dec 24, 2016
Rashad Colton
  • Atlanta, GA
8
Votes |
30
Posts
Starting Out

Help with REI business plan

Rashad Colton
  • Atlanta, GA
Posted

Hi, I need help with my REI business plan. So here is what I have so far.

I understand debt to income needs to be 45%, so when filling my business taxes I wont write off as many deductions as last year to increase my debt to credit income, I also have a full time job in health care so my w2 reflect positive income also. 

Also I am looking to obtain mortgages on at least 6 homes next year between my spouse and I so do i need to take into account that rental income with lease agreement should account to helping my debt to credit income? 

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