All Forum Posts by: Vincent Z.

I currently have a primary residence that I am planning to rent out. I am planning on buying a new 2nd property which I will owner-occupy once I close on it. 

I will not qualify for both mortgages at the same time due to DTI limits so I need the lender to count my current primary residence as a rental.

My question is what do I need to document for the lender to count my primary's rental income so it comes off my DTI calculation for the second mortgage?

Can you explain the difference between Appfolio/Buildium and something like Cozy.co? 

In my area (New England), the majority of houses, (multi families in particular) are over 100 years old. If I am planning on buying and holding long term, what are some of the pitfalls of buying these extremely old homes and is it still worthwhile to invest in them?

My dad just purchased a 2 unit property and everything (mortgage, deed) is under his name. He is letting me completely handle the management of the property, finding tenants, collecting rents, etc.

My question is can I claim the rental income on my tax return even though I do not own the property? I currently do not have a W-2 job so I would like to report this as income in order to qualify for a loan later on.