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Updated almost 8 years ago,
2nd rental income and how to calculate
I am working on getting my second rental ready that I am currently living in. I want to be able to move out of this home and get another. In July my first rental will have 2 years of tax returns.
Does my first homes rental experience also mean I could potentially add my second rental's income to my income when calculating debt to income ratio for a conventional home loan on my 3rd property I plan on living in even though I have only owned it for one year and haven't had it rented yet?