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Updated about 2 years ago on . Most recent reply

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Mike D.
  • Investor
  • Indianapolis, IN
136
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207
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How do lenders count rent from your other properties when buying another?

Mike D.
  • Investor
  • Indianapolis, IN
Posted

Have never been quite sure how this works and it's relevant for a current project. Can someone provide a definitive answer as to how lenders count the income from your existing properties when you purchase a new one? Is it 75% of leases, or do they use your last year's taxes? Thanks!

Most Popular Reply

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,986
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

In my experience it was 75% until I had 2 years of tax returns with rental income. Then it was 100% of current rent and 100% of expected rent on the new property. 

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