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Updated almost 5 years ago,
House hacking Finance Question
Alright guys so ill give a little bit of background, im 20 years old bought my first house 8 months ago and i started house hacking its a 4 bd 2 bath single family house and a couple months ago i decided i was in a position to acquire another property so i called up my loan officer and we were running numbers and he said that because its a single family home the banks will only count 1 lease agreement not all 3 which pretty much makes it impossible for me to approve for another property. My question for all you investors out there who are house hacking or renting in general how is it you are securing loans for additional properties, is there a way to get them to count all the income? ive talked to 2 different local loan officers and got the same answer.