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Updated over 1 year ago,
Can I claim rental revenue when applying for a mortgage if I am taking a paper loss?
Hey guys,
Appreciate you all taking the time to read this. My wife and I are currently looking to purchase another STR. We currently own one that is a beach front home with a pretty hefty mortgage. I am wondering if I can use the rental income (around $100k) even though I claimed a paper loss on my taxes with our cost seg. study towards my income to keep my DTI down. Any help or advice would be appreciated.
Thanks,
Tripp