How much leverage are you comfortable with?

[Daniel Z Fang]

Hello Bp community,

Do you have any general investment principles for determining how much leverage is enough leverage? I'm pushing up against my max DTI and with tighter lending restrictions, lenders will be a little nervous if I continue to buy properties. It has made me wonder whether I ought to pay off (or pay down or recast) some of my properties. I'm aware there are multiple strategies to get more cash if needed but also aware there are risks to being over-leveraged. Curious to hear your thoughts, thanks!