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Updated over 7 years ago,
How to use income from current rental for future loan
I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:
1) How long do I have to own my current rental before that income can be used for my DTI
2) Where do they get the income number from... is it net operating income, etc?