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Private Lending & Conventional Mortgage Advice

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Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
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79
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Rental income from a rented room in primary sfr to qualify?

Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
Posted Nov 4 2018, 15:14

If I rent out a single room in my primary home can I use that rental income towards my 2 years of landlording experience and use the rental income to help qualify for a mortgage on another house?  I am interested in house hacking and buying a new owner occupied place every year or two.  It seems as though if I buy a sfr I would have rent it out for two years without living there before I can get another house unless I can qualify for a second mortgage.  Am I correct?

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