How to use future rental income to qualify for a mortgage

[Kameron Wilson]

I am trying to buy my next house but I want to keep my old single family as a rental, I dont have 2 years of rental history and I have never worked as a property manager so I am wondering if anyone has any tips that I could use to try to use my projected rental income from the house I keep towards qualifying for another mortgage, or another strategy. Any comments are welcome. 

[Jeff Shumway]

Hey Kameron, as long as you have an executed lease, you should be able to use 75% of the rental income from the property to offset the mortgage payment.