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Private Lending & Conventional Mortgage Advice

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Josip Galic
  • Investor
  • Grand Rapids, MI
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18
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when can you add rental income when applying for a mortgage

Josip Galic
  • Investor
  • Grand Rapids, MI
Posted Feb 10 2015, 16:38

When applying for a loan, when can you add your rental property income into the equation? I have heard that you have to wait a full year before a lender will accept it. Can anybody confirm or deny? Also, if it is a full year, what would happen if that tenant would move after that year? Would you have to wait another year after that?

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