Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
What Lenders will use my current rental income if I only have one years history?
Okay so here's my situation. I bought my first house in may of last year. I have lived in it and rented it out to friends (boarder income). My gross annual income from the house is approx $18,000 a year.
I can't seem to find a lender that will use this on my debt to income ratio. They say I need two years. Will small local lenders be more lenient on this possibly?
Thanks,
Asher