BP Lenders Question - STR Income for DTI Calcs

[Alan Ford]

Hi to the BP lenders crew. For DTI calcs on second home loans, when a potential client has an income property. How do you calculate the revenue on this? Specifically when there is a 1099.

I am trying to determine how much income I will be able to show from my property to see how much my DTI is, to get an idea of how much I qualify for.

I have two lenders I am deciding between and both have vastly different monthly income numbers for one of my properties. One came up with $332 and the other came up with $1142.

I feel like they are maybe getting caught up in management fees and depreciation and that's the difference. (Other than a mistake I already caught where the 332 one was double charging insurance and property tax) 

[John Underwood]

I think it's around 75% of the income can be counted as income to qualify

The loan originator can give you exact numbers.