Does rental mortgage count against DTI for personal residence?

[Sam DeBenedetto]

Hello and here is my situation. I have two mortgages currently for investment properties that are used as rentals. I purchased one property June 2014 and another in November. Both are excellent cash flow generators. I am now looking to get a mortgage for my first home (that I actually live in) and I plan to start looking in late spring early summer. What I would like to know is, will the investment mortgages count against my DTI? I will only have a year in landlord experience at that point. I know that banks like to see 2 tax returns of income before they count the rental income but I don't even really need that, I just need the mortgages to not be counted against me. My income from my job is more than enough on its own for what I want to spend.

So..... do the rentals hurt my chances? Thanks!

[Brett K.]

If they have a positive cash flow after reserves for repairs then they will help you.  You will get credit for a % of the income; I can't remember the %.  If they don't cash flow after reserves for repairs are factored in then they are detrimental.