1st time House hacking

[Samuel Michael Koscher]

Hello, my name is Sam. I have a few questions regarding house hacking. Wanted to get my first property as soon as I can and house hacking is the best way to do it. Will a lender give me a loan even though on paper I don't make enough yearly to afford the loan if I rent out the other unit? Like if there is currently no tenant will they still give it to me

Thanks

[Ryan Thomson]

@Samuel Michael Koscher most lenders will not allow you to count the rent of a tenant in the same unit as you as income to help you qualify. If you got a multifamily you could use the market rent for the other units to help you qualify for the whole property. 

Other ways to qualify would be getting a cosigner or getting a partner.