How long before banks/lenders consider rental income towards DTI?

[Nick Shri]

BP'ers - here is a scenario.

I am pre-approved $250K. I buy 1 property worth $150K - I will name this property my NEW baby. This means my debt has increased after closing on NEW. I find another property worth $200K that is amazingly awesome. I want to name this property NEWER.

Question - how can I leverage my income from NEW to apply towards NEWER? How do the lenders view this scenario? I would love to hear some ways to go about this approach.

TIA.

[Alecia Loveless]

@Nick Shri My local bank used the income from a property I bought in February 2021 based from the signed leases to count toward my DTI for another property I bought in June of 2021 where they also used the income based on existing leases of the NEW building toward my DTI. So it depends on your bank.