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Updated about 6 years ago on . Most recent reply
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Does house hacking single family home count as renting experience
Hello everyone,
Does renting a room out with a year lease agreement actually count as "renting experience" to a lender?
-I have been currently renting out my extra bedroom in my current home for over a year now.
The reason I ask because I plan to purchase a multifamily 3-4 units and rent the others though a VA owner occupancy loan. I was told however that the I would need to have 2 years renting experience before the other units would be considered income.
Any feed back would be awesome!
Thanks,
Randy
Most Popular Reply
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I am pretty sure that would be considered renting experience. People house hack their single family homes all the time. @Brandon Turner, I am pretty sure said he did that during his early years before getting married.