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

[Manuel Savorelli]

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

[Neil Schoepp]

@Manuel Savorelli

Just making sure I got this right.

You are looking at a property you want to buy. And you want to know how long it will take for the bank to recognize the income that property is producing and use it to write you a loan.

Immediately. 

Most will do a percentage 75% and up. If your looking to purchase a MF and have signed leases they will consider that as income to qualify you for the loan. Please remember that each institution conducts their process slightly different. So just because one says no or we will only look at 50% does not mean every institution does it that way.