Hi, I have a question for members who have worked with lenders. When they calculate debt to income ratio, what kind of income do they consider? Would they include:
1. Dividend from stocks
2. Airbnb income from rental properties that I want to acquire
It depends, it depends, it depends, aaaaaaand... it depends.
All of those sources of income, in some cases, can count. You didn't provide nearly enough information for a meaningful answer. What's on your tax returns?
I am making big plans for the coming years, so things are still hypothetical. I would like to get into a multi-family building, but I do not have a specific deal in mind. I am debating between suburban residential buildings, and smaller buildings in touristy areas that has AirBnb potential.
On my tax return, I only have rental income from 3 rental properties in the US (Schedule E). I am considering selling one of them, and move the fund into a stable dividend generating stocks. That move would replace my rental income with dividend, and increase my liquidity for the next project.
I am currently a PhD student, and I am looking to land a job abroad. Of course, the income would be reported to the IRS.