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Updated over 3 years ago on . Most recent reply

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Patrick Shanahan
  • Swampscott, MA
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Rental income and DTI

Patrick Shanahan
  • Swampscott, MA
Posted

Once a tenant is in place in your first investment property, how long or what's the process of showing your rental income to help your DTI? Mostly in working with a lender on your second property purchase.

Thank you,

Patrick

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Eric James
  • Investor
  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
Replied

A lot of lenders want people to have a couple years experience before they will include rental income in your DTI. Once you have that experience, they usually include even income from a property you are purchasing, so no waiting for this

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