Dumb question...
If I have multiple rentals that cashflow, or are a small loss on paper--how does that impact my debt to income ratio for new properties?
Say a (1200) loss for 2019 on my tax return--is that a $100 added to my debt portion of the calc (per month) vs. the mortgage payment that shows up on my credit report, or is it $100 on top of my mortgage payment?
Looking to add one ore property, and not sure if I should (or could) finance or just pay cash.
If I have multiple rentals that cashflow, or are a small loss on paper--how does that impact my debt to income ratio for new properties?
Say a (1200) loss for 2019 on my tax return--is that a $100 added to my debt portion of the calc (per month) vs. the mortgage payment that shows up on my credit report, or is it $100 on top of my mortgage payment?
Looking to add one ore property, and not sure if I should (or could) finance or just pay cash.