12-16-2004, 10:22 PM
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Confirmed User
Join Date: Nov 2004
Location: Scottsdale, AZ
Posts: 5,167
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Quote:
Originally posted by Kard63
I need a real estate agent. I would like to buy 10 rental properties very soon. I would like to know how lending qualification vary when buying investment homes rather than the old rule for a home you live in. The old rule being 'the mortgage payment should not be more than 29% of your monthly gross'. Thats incredibly ruff but that is a theory in it then you adjust for all the specifics. Obviously I will not meet that standard for 10 houses.
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