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Updated over 2 years ago on . Most recent reply
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Primary loan as a rental
Hello and thanks in advance for any advice,
I'm moving out of my primary and turning it into a rental prop. All my other properties are on a conventional investment prop loan and the rental income from those props count toward income. I'm wondering if once the primary is turned into a rental and seasoned long enough will that count towards income even though I'm on a primary loan?
Thanks for your tine!
Most Popular Reply
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Yes it will. Just show the lease if it is not yet on tax returns, or tax returns if it is and it can be counted.
- Jay Hurst
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Hurst Real Estate, INC
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