Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

104
Posts
9
Votes
Manuel Savorelli
  • South Jersey, NJ
9
Votes |
104
Posts

How soon can you add renter's income to personal income?

Manuel Savorelli
  • South Jersey, NJ
Posted

I was curious as to whether there is a wait time needed before a landlord could add the monthly rental income he receives from his multi family property onto his own personal income? 

I'm looking to purchase a small apt with hard money and I'm thinking of how to refinance the loan through conventional banks for a lower rate with little income on tax forms.  

Would I be able to show the property cash flows and would banks be satisfied? 

What if I opened an LLC? How would the fact that it's brand new, w/o any income history affect it's bank loan approval chance?

Thanks everyone

Loading replies...