Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 6 days ago on . Most recent reply
Can I use rental income to apply for a HELOC
good afternoon everyone can I use Rental income to apply for a HELOC instead of a W2?
Most Popular Reply
Dave Van Horn
#5 Real Estate Events & Meetups Contributor
Pro Member
#5 Real Estate Events & Meetups Contributor
- Fund Manager
- Wayne, PA
- 1,629
- Votes |
- 1,480
- Posts
Dave Van Horn
#5 Real Estate Events & Meetups Contributor
Pro Member
#5 Real Estate Events & Meetups Contributor
- Fund Manager
- Wayne, PA
@Iris Sanchez In my experience I've found lenders usually prefer earned income rather passive income.
If they do consider it, they would probably discount it or only use of portion of it. You can always ask "is it an asset based loan only or are there income requirements?" and go from there.