Olive Branch, MS · Member since 2013 · 452 posts · 10 votes
If you buy a house and live in it for 1 year and then Rent it out - Repeating this Process to accumulate Rentals......... Don't you have to wait at least 2 years per Property before a Lender will use 70% to 75% of the Rental Income that you claim as Income on your Taxes as........... Income?
@Michael Dunn That depends upon the lender. The fact that you have a lease on the property may be good enough for your lender. You should talk to all the commercial bankers in your area to see what their policies are and if they can refinance the loan.