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Updated about 4 years ago on . Most recent reply

User Stats

23
Posts
10
Votes
Greg Hoffmann
  • New to Real Estate
  • Santa Cruz, CA
10
Votes |
23
Posts

Lenders' Consideration of Rental Income

Greg Hoffmann
  • New to Real Estate
  • Santa Cruz, CA
Posted

Hi All,

I know it's not the norm, but does anyone know if any lenders will consider rental income if it's been less than 1 year? This is in regards to income and not DTI. I have signed leases and can show 5 months of payments, but nothing on my tax return yet and no other current W-2 income. If relevant, I'm talking about a relatively modest purchase price of about $70k. Thanks!

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