Related Posts
How’s everyone holding up?
Any one who works or worked with Attra?
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
How’s everyone holding up?
Any one who works or worked with Attra?
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site

Scan your QR code to download
Fishbowl app on your mobile

You generally need 1-3 years of incoming rent history for them to consider it as income to offset the mortgage, depending on the lender. They will ask for tax returns.
Both are sort of right. They will use 75% ( or something) of lease rent less things like mortgage and tax and insurance and hoa. Good luck showing profit.
If you have filed taxes already they will use tax return.
They will use your lease and apply a percent of that lease amount to your income. Which helps out your debt to income.
My broker has said if you can prove that over last 12 months you did not pay directly (if you had leasing company pay for mortgage payments) then it wouldn’t count against you. If it’s cash flowing and profiting can also be seen as income