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All Forum Posts by: Joel Fernandez

Joel Fernandez has started 1 posts and replied 1 times.

Multi-Family and Apartment Investing

Post: Requirements for first time landlord.

Joel FernandezPosted
  • Posts 1
  • Votes 0

Hi,

For context, I recently applied for a pre-approval VA loan to begin the search for a single family or if a good deal presented it self a multifamily home. In short the lender informed me that I am unable to use potential rental income of a multifamily unit (duplex in this example) as part of my income. The reason was because I do not have 2 years of history being a landlord. I tried finding more information on this but found little to none. Ultimately, I am hoping to find references and general information on what's needed to have the ability to purchase a small multifamily in the future. Any help would be greatly appreciated!

0 Votes