All Forum Posts by: Lee Barbara

@Elise Marquette Yes, we do plan to hold onto our current primary as a rental. That is an interesting idea, putting into place a long term renter in our current Airbnb to help qualify for the loan on the next one. 

@Andrew Postell That’s really valuable information. This is sort of what I had assumed. I’m just poking around trying to educate myself on how we can make this next move. We have a decent w-2 income, so we may be able to make this happen regardless.

@Brad Hammond Thanks, Brad. This is helpful. I have been learning about how two years of our business income taxes could be counted, but even for that I'm wondering if, when we move out, if they'll still consider that income. Specifically, I am wondering about the income that the ADU on the new property will produce, and whether it is considered the same way as the rental income on a multifamily is.

My wife and I currently run an Airbnb in our basement apartment in our primary residence. We'd like to hold onto it as a rental and buy another SFH as our primary with an already-built separate ADU. My question is, do banks consider the potential rental income of the new ADU the same way they'd consider rents if we purchased a multifamily property when determining how much they'd be willing to loan us? The price range we are looking in might be slightly outside of what lenders might consider our purchasing power just from our combined w-2 income, but the numbers easily work if ADU rental income is considered on the new property.

Thanks in advance for your guidance!