Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on .

User Stats

98
Posts
23
Votes
Fausto Carosella
  • Real Estate Broker
  • Boca Raton, FL
23
Votes |
98
Posts

Projected Income to qualify for SF purchase

Fausto Carosella
  • Real Estate Broker
  • Boca Raton, FL
Posted

Hey all, For clarification purposes: If someone is trying to qualify to purchase a single family to use as a rental, a lender will use 75% of the rent toward the monthly debt service? 

For example if PITI on the property is $1500 and the market rent is $2000 that property's potential income should qualify (on a basic income level) by itself, correct?

Lenders I have worked with in the past have told me this is how they qualify the rental, a new lender I am looking to work with is giving me conflicting info, saying they only use 25% of the 1500.

Can any other lender friends provide further insight? Thanks...

  • Fausto Carosella