I used a tiny house to house-hack but not I can't use the income on the rental house

[Tiffany Da Silva]

Hello all!

I recently purchased a small farm (1 acre) with a house that we just finished remodeling. I am planning on renting the house out for roughly $1950 to have some extra income to use when showing income for my next loan. Problem is since its a "single family" residence it can't be my primary & an investment at the same time therefore I can't qualify it as income. (we live in a tiny house on the acre separate from the house)

Has anyone dealt with something similar or know what is the best way to make that income usable for a loan? If not are there any other loan programs that could get capital to buy another investment?

[Tiffany Da Silva]

Thanks William for that insight! I actually work for a mortgage company and am a loan officer myself but as I just started i'm trying to wrap my head around all the programs and markets.

My broker doesn't focus on investors so it might be wise to find someone who does and learn from them. I will definitely look into those programs though! :)