Updated almost 4 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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Looking to purchase this multifamily property as a long term rental. I am a new investor looking to purchase my first property, so I am looking for some assistance on understanding the numbers to ensure this is a good deal. I've been pre-approved using a conventional loan for this property with a DTI of 23%. I know on average a good DTI is 35%-45%, however, I have been told to be below this average isn't that bad as it still isn't as risky for the lender.