DTI on Second Multi-Family Loan

[John Martin]

I bought my first rental property 9 months ago at age 24 after graduating from college and I am looking to buy my next one. I bought a duplex I am currently living on one side of it (House Hacking). In term of taxes while I live in the house it looks like a loss. Given the below numbers would it be smarter to wait 2 years to get my next property and use net Income to base DTI of or use rental income right now for DTI and buy a property now? I have spoken with about 10 loan officers no one will run the numbers or does not understand what am doing. I don't know if I am asking the right questions. I would love for someone to enlighten me.

Current Morgage: $2083/ month

Current Tenant rent:$1500 /month

After I move out rents will total: $3200/month

My W-2 Income: $4792/Month

Student loans: $277/ Month

[Chris Mason]

Originally posted by @John Martin:

 I have spoken with about 10 loan officers no one will run the numbers or does not understand what am doing. I don't know if I am asking the right questions. I would love for someone to enlighten me.

Go to your local REIA, buy some people beers, ask who does their loans. Those beers will be the best CoC ROI you ever spend.

Granted I am biased since I know that if you're in Oakland CA, it will be me that people mention. :)