Counting new rental income into a refi

[Daniel Y.]

Hello BP,

I am sure this has been answered before, but I did do a quick search on BP and Google and it gave me answers, just not what I was looking for.

My question is if you acquire a new rental property, can you use the new rental income for consideration in the debt to income ratio for a different SFH rental property for a cash out refi? I know if there is a mortgage on the newly acquire rental property then that would affect the debt to income ratio, so for theoretical sake, let's say the new rental property was bought free and clear.

Is there some sort of period you have to wait for lenders to consider the new rental income into the equation? From what I've read on here, if you want to refi a newly acquired rental property then you may have to wait (depending on lender) between 6 months to 2 years before they consider everything. However, I want to refi an existing rental property and was wondering if a newly acquired rental income would help or make no difference because of some wait period.

Thank you for the help. Hopefully, the question was clear.