All Forum Posts by: Kurt B.

Thanks @Bill Brandt

Talking to a lender makes a lot of sense!

Thanks everybody!

Thanks Terry.

This is for a room that I'm planning on renting in the near future. So I would do whatever I would need to do for taxes. I'm wondering whether this will benefit me 2 years down the road.

I realize that renting a room in your home, in order to gain this status, is not the most common circumstance. I assume that's why I couldn't find any references to it when I did a search in the bp forums. 

I don't have a lot of income to show. I'm looking for any edge I can get. 

I understand that you can use future rent as income when qualifying for small multifamily as long as you have established history as a landlord. 

Does the rental income from renting out one room in a house that you live in count toward this?

Or does it have to be a separate property?