Rental Property Income & the 2 year Rule

[Bill Mitchell]

In order for rental property to be counted towards regular income you must have the property rented out for 2 years.

My question is does the 2 year rule apply to each property separately? Or once you have had a rental property for 2 years, at that point any additional property you purchase and rent from there on out will automatically be counted towards your income without having to wait 2 years.

Thanks

[Bill Walston]

@Bill Mitchell I'm assuming that you mean the two years of landlord experience that Freddie requires before allowing you to count the projected rent as income for loan qualification. (Fannie does not have this requirement.) Once you hit the two years of experience that's it..it's not a per property qualification.