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Updated over 4 years ago,

User Stats

45
Posts
10
Votes
Michael Osborne
  • Haymarket, VA
10
Votes |
45
Posts

Vacation Rental Qualification

Michael Osborne
  • Haymarket, VA
Posted

I am interested in purchasing a vacation rental in the near future. When qualifing for the mortgage is the historic rental income counted towards qualifying for the mortgage? In this scenario the historic annual tent is $50k. The mortgage, insurance, tax, and rental management would be about $40k a year. Probably not the best investment return so not really concerned with that just curious how qualify

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