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Updated almost 10 years ago, 01/07/2015
What % of rental income can be showed as future personal income to get the bank loan ?
I am working to get a bank loan on multifamily, with cap-rate of 8 with price of $1million+
My personal income alone will not be sufficient to show the loan repayment guarantee.
The property is making about $80K, in NOI.
What percentage of this NOI, can I use towards, my loan repayment, for the bank ?