House hack using rental income from one unit to qualify for loan

[Sam Trulli]

Hello everyone,

I’ve been looking at possible duplex deals in my area to House hack. The problem I’m having with my lender is my income is not the greatest.

I’m wondering if it’s possible to use the rental income from one of the units of a duplex I’d keep rented out to use as income to qualify for the mortgage?

Here’s an example of a deal I was looking at.

Two unit multi family

- Purchase price $299k

- my estimated monthly payment would be around $1350

- each unit has 2Br 1B

- one unit is currently rented for $1200

- one unit is vacant (where I would live)