Retal Income/ VA Loan LTV / HELOC LTV ......

[Michael Dunn]

Good Afternoon,

I have a few individual questions that I have been trying t find the correct and accurate answers to , over the weekend.

The Following Questions I have are ......

1. Is there a set period wait/time , of which you have to wait before you can claim Rental income as " Actual " income , via your taxes ? If I have owned my house as a Primary Residence and wish to then rent it out..... Can I immediately claim that Rental Income on my property , as actual Income , or is there a waiting period before I can do so ? 

And also, does this change, if the property you wish to Rent out is a former Primary residence OR if it was purchased as an Investment property ?

2. Can you get a Higher LTV if you go with a HELOC vs a Cash-Out refi. ?

I'm looking for the Highest possible LTV that I can get , for doing a Cash-Out refi.

Is a 90 to even 95% LTV possible on an FHA loan , and on a house that is your Primary Residence

3. Regarding VA loans ..... Can you get a Full 100% LTV on this type of loan ?

Thanks so much , really appreciate the help fro fellow members on here as always