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Updated over 8 years ago on . Most recent reply

Andrey Y.'s profile image
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Andrey Y.
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Andrey Y.'s profile image
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Andrey Y.
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  • from Honolulu, HI
  • Member since Sep 29, 2014
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Andrey Y.
  • Specialist
  • Honolulu, HI
1,261
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General Landlording & Rental Properties

Count social security and disability as income?

Andrey Y.
  • Specialist
  • Honolulu, HI
Posted

Hello all! Do you count social security and disability as income to calculate 3X gross of the rent? Seems like it would be a constant and reliable monthly source of income, but I have never come across this.

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Bill Hamilton
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Bill Hamilton
  • Denver, CO
Replied

Well, mortgage lenders count it. In fact they count it at higher than 100% (can't remember the percentage) because it is usually non-taxable.

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