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Updated about 4 years ago on . Most recent reply
Lender using current leases on property towards buyers income
I’m wondering if anybody else has had experience with the lender using the current leases and the rental income on a property that the buyer is purchasing Towards their income?
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Raul Gil-Azamar I would say that this is a REQUIREMENT for us to use as investors. Lenders MUST use the rental income to help me qualify. Otherwise, the BRRRR method could not work. If you are speaking with a lender that won't use rental income....then go to a different lender.