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Updated about 1 year ago,
Rental income applied to mortgage?
I'm looking to buy my first multifamily property. I'm curious if any lenders or experienced investors could speak to how the rental income from the target property affects the mortgage I could receive. For example, if I could qualify for a $250,000 mortgage based on just my W2 income, would the amount I can qualify for be increased based on rental income from the property I'm looking to purchase?