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Updated almost 7 years ago on . Most recent reply

Existing bldg income for loan qualification?
I was listening to a youtube video regarding purchasing multi family homes and was introduced to another way that I can boost my qualifications for a loan. I want to get a fha 203k loan and just learned that I maybe able to use 75% of existing building rent income to add to my personal income for qualification. Is that a process I can really use?
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I know a company in MA does it and I believe they're licensed in FL too but I dont know what other states. Google Drew Mortgage and they might have more info on their website. Their rates aren't the best, but they have creative programs for investors