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Updated about 6 years ago,
Using the $ you receive as Rental Income as "Real" Income.......
Using the $ you receive as Rental Income as "Real" Income when a Lender goes to look at your Taxes:
a Lender that I spoke with told me that they could NOT use the $ I show as Rental income on my Taxes........... this could not be added to the actual Income that I make from my actual JobI was under the impression that these two streams of Income would be added together , and that the total of the two of them, would be what my DTI would be based on ? They told me that they do not consider the Income that you receive from Rental property in their calculation Is this correct ?
Thank you for the help