Multiple Mortgages and Credit Score

[Jeff Howard]

Hello,

I will soon be purchasing a first of hopefully many income rental properties in good cash flow markets such as Indianapolis and Birmingham. However I also want to remain in a good position to buy a new home for our family as our three boys outgrow our two bedroom town home in Orange County. I want to be as aggressive with buying rentals as possible without jeopardizing our ability to obtain a competitive conventional jumbo mortgage for a SFR in Orange County. I believe that the lenders use .75x (gross rent- PITI) for income purposes, so in theory my income will increase from a DTI standpoint, but will my credit get whacked hard every time I apply for pre-approval and subsequent additional mortgage? This is a major concern (especially for my much smarter than me wife) for us. I appreciate any thoughts on the matter.

Happy investing!

Jeff