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Updated over 2 years ago,
Debt to Income Ratios
Hello - I currently have one rental property and one primary property which I live in. I purchased my primary residence 2 months ago with an FHA loan. My primary residence is a 5 bedroom single family, which I rent out 4 of the bedrooms. Questions - Am I able to claim the income from renting out the rooms in my primary residence at the full amount? If so, is there a certain timeframe I'm able to do so - is it after 6 months or 9 months from when I first obtaining the loan? My goal is to improve my personal debt-to-income ratios. I've been doing some research and been finding different answers. Thanks for your help!