My gut tells me they are pushing the revenue and basing the homes value on that.

To Jay's point, though, there wouldnt be an impact on your DTI based on your numbers. 75% of the gross rents can be used to offset the debt to $0 until the operating history is reported on a tax return, so if the rent is 65% higher than the mortgage, then the impact to DTI will be 0 until next year when 2025 tax returns are completed.You could try to find a DSCR program that allows you to become a partner of the entity after the property is bought and financed, but this will require significant trust in your partner and may or may not work from a financing perspective.

As already mentioned, he wouldn't be able to use rent from roommates to help qualify but based on the numbers you shared there should be a VA option available considering how much flexibility there is. 

Hi Kylie,I definitely know that finding the right business bank account can be challenging, but here are a few suggestions based on your what you've told us:For Wire Transfers: Consider Mercury Bank or Novo.

.✅ Building strong relationships and partnerships.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.

We also allow removal of a tenant from a lease as long as the tenant group is in good standing, and the remaining tenants qualify again based on their combined income. 

He is based out of Mooresville, NC in the Lake Norman Area.

Hello, everyone.My name is Hild R. and I'm new on Real Estate business, I used to run a small Painting LLC business with a HIC LICENSE for few years but based on personal circumstances I have to pause.

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.

By focusing on multiplying investor returns, we build lasting relationships based on mutual success.In this industry, it's not just about making money for yourself.