Rental property dti with multiple properties
I searched for answers to this topic but couldn't get any information. My question is simply if i own 5 rental properties and they each are cash flow positive. How can i get a 6th one? My dti will be reaching 50%. I have an 790 credit score, plenty of cash reserves and never late on a payment ever.
the 5 properties have a 2000 mortgage but each bring in 1000 cash. The 2000 includes property tax and insurance. I make 10k a month. My income is 10k + 5k(rental income) . Total debts are 3k primary residence + 10k (rental properties mortgage) this is 13k/15k is about 86% or am i calculating this wrong? Seems like it's a high dti but cash flowing 1k a month per property should count but looking at pure numbers it's looking horrible.